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Tuesday, August 24, 2021

UVXY - Weekly Chart

There hasn't been much to work with in terms of volatility since the panic. UVXY hovering around oversold on weekly though...

37 comments:

  1. There are certain things I am watching and waiting for on Volatility to produce a setup.

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  2. Note also on this chart that the MACD is slowly normalizing to 0.

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  3. sc,

    Are taking a position or just waiting for better entry point

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  4. AMC shot up I flipped it today

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  5. I'm still waiting for that other trade idea. The price is coming down and waiting for lower price to enter.

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  6. SC, what are you waiting for?
    Can you give us your S&P chart?

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    Replies
    1. Yes, will post the series of SPX big picture charts. Everyone should be made aware of what is happening.

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  7. sc,

    this running higher with out pulling back -not normal- the meme's are being pumped --afghan problem solved--?????

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  8. Sc so it appears the August swoon for the spx did not occur?

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    Replies
    1. We did get the swoon, SPX dropped to the 50 day average again

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    2. Don't worry a doom trade is coming, but let's finish this up cycle first

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  9. What we saw this year is typical. Summer relatively quiet then you get more action in the Fall months. This year was even more pronounced because people took more vacations than usual.

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  10. SC, I am wating for your S&P graph?

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  11. Crude and RIG are heading higher today. SC, do you think an intermediate term low is in for oil?

    Thanks!

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    Replies
    1. It's still a little early to say. Extremely strong for Oil here. Still expect one more negative cycle Sept or Oct.

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    2. Thanks, SC. Have a great weekend!

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  12. Just trading a range. This up and down whipsaw action is going to continue but the swings are going to be larger.

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  13. GUSH near 200 MA. Markets are still in a positive cycle here. XBI nearing target.

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  14. SC when do you expect the turn in SPX?

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  15. sc,

    This looks like a blow off top from the last week.

    Delta variant -kabul - mass Hospitalizations now Ida---the fed is looking for and area to top this market in the short term---we will have to wait and see the level?

    we cant fight the fed--but the fed can not always be right!

    Please advise?

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  16. Up for now into September. Many charts look positive short term. SPX turn due late in September. Delta didn't generate enough fear so they will have to come up with another plan...

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    Replies
    1. Suspect I know what the next fear will be, and I have the plan to trade it.

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  17. SC,

    I am guessing the debt ceiling or another travel restriction or my favorite:

    Chris rock:

    Grand opening---Grand closing

    I am open to your see your analysis

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  18. Goldman Sachs says 750,000 households could be evicted this year unless Congress acts

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  19. There's all of this as the economy continues to deteriorate with mass losses, but Covid fears are still dominant. Delta variant didn't generate enough fear so they need something more...

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