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Tuesday, April 20, 2021

$VIX - Warming up...

VIX appears to be warming up, however notice there is some resistance overhead. VIX probably will have some difficulty here, but eventually may be able to pop after a few tries at this resistance. Daily

53 comments:

  1. I don't think anything big is happening yet, VIX at least warming up. That's a start.

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  2. Bitcoin floundering after the stimulus, but may get interesting again later as a play on "infrastructure".

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  3. GUSH seems to be under some pressure from general malaise in the market. SPX down. Oil is actually holding quite well and looking solid.

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  4. See that. VIX 20 resistance tough nut to crack.

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  5. https://www.valuetrend.ca/how-low-can-it-go-4/

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  6. sc,

    so basically--if the VIX closes three days above 20--we got a mover--could be thirty or forty

    correct?

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    Replies
    1. Maybe UVXY establishing a range $4.50 to $5. Nothing major yet

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  7. Good stuff, thanks SC! Let's see if VIX is able to maintain higher low or db if SPX moves higher. VIX closed pre-covid gap, which is a tick. Expect volatility to rise again in May. Oil looks to be putting short term bottom today after reaction of 64 level and 16th CIT date. May onwards shall be money making machine with a lot of setups forming up and good swings

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  8. We did see a Hindenburg Omen triggered with the signal valid July 4th.

    "We got a first Hindenburg Omen observation on Tuesday, March 2nd, 2021, and a second official confirming Hindenburg Omen observation two days later, on Thursday, March 4th, 2021, meaning we are now on the clock watching for a stock market crash, and at the very least a significant decline. What such a signal is telling us is that there is a much higher-than-random probability of a stock market crash starting sometime over the next four months."

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  9. sc,

    Just to confirm---you are looking for a Turn down into July5, 2021

    correct?

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    Replies
    1. We'll see. It's early. We have a window to work with coming.

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  10. SC, the vix break the limit, 20, and we see it from the down, 20 it's resistance

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    Replies
    1. VIX was rejected at the resistance for now

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  11. "Ocugen shares rise 16% after partner discloses vaccine efficacy of 100% in severe COVID-19"

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  12. OCGN started to firm up yesterday on the news. It looks to be moving towards $8.50.

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  13. Replies
    1. Yes!

      SCApril 21, 2021 at 10:37 AM

      "Maybe UVXY establishing a range $4.50 to $5. Nothing major yet"

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  14. sc,

    what are you looking for 8 bucks?

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  15. SC, what the destination of uvxy?

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  16. Sc,

    You bought UVXY at 4.80---I am guessing you looking above six bucks-

    OCGN ---now at $10 bucks--sold before earnings ---that was smart-did not want to gamble!

    I am just looking for a little clarity

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    Replies
    1. VIX found resistance at 20 again as expected but it should pop higher 23

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    2. What price do you think UVXY will hit if the VIX pops to 23? Could UVXY go as high as $7.00?

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    3. I'll take a closer look at the pricing. VIX should heat up next week.

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    4. Does anyone have 28th of April as CIT date?

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  17. The OCGN was hot trade yesterday. Vaccine money poured in.

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    Replies
    1. Congratulations! Thanks a lot for bringing this to attention.

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    2. You are welcome! Haha I've been trading in and out of it. Had some calls. Could have been more aggressive with it for sure though. Vaccine money! Enjoy!!

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  18. "Yet another VXX reverse split" $40.81

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  19. SC ... what is your thoughts on Gold?

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    Replies
    1. Bearish Gold into the Fall

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    2. Sounds good. In my work gold is posed to put intermediate top in May with several weeks of sideways-lower projection.

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  20. sc,

    Uvxy at 4.45----I am guessing you are looking for $6 or better?

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    Replies
    1. VIX 23. Waiting for UVXY to confirm this low then we can look at pricing.

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  21. sc,

    Looks like the VIX is stuck between 17 and 20 no volatility yet?

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    Replies
    1. VIX is relatively quiet, VIX up yesterday and today though. Month end coming. Might have to wait for that

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  22. sc,

    Hoping you are right---May should be very volatile?

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  23. looks like uvxy gonna spliy may 6th 10 for 1 reverse

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  24. So looking for $60-80 uvxy instead of $6-8?

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  25. VIX looking good! Starting to pop!!

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  26. $8 UVXY would be nice....hope VIX pops sooner than later!

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