UVXY has traded above the downtrend line. This may have some merit if UVXY continues to rise. UVXY has a higher low and the next step is to see if it can make a higher high in November. Daily
Greetings to everyone from Rome, I wanted to have my say on what is about to happen to Super Mario Draghi here in Italy, it is now clear that he is the tip of the balance in Europe. The former BCE after Merkel, now out of politics, is certainly the highest-ranking institutional exponent present and becoming President of the Italian Republic, we vote in a few months, would make him leave the post of President of Ministers, this would lead to the Italy in the elections and a sure victory for the anti-European Right. All this would trigger an earthquake of unspeakable or predictable proportions.
The Prime Minister, Mario Draghi, met the Founder and Executive President of the World Economic Forum (WEF), Klaus Schwab, at Palazzo Chigi this afternoon ... What exactly did Draghi and Schwab say to each other? Have they made binding decisions for the Italian state? Is there a transcript of the meeting and if so, why not make it public? And above all why did the Italian Prime Minister decide to welcome the representative of a private organization as if he were the head of a state? ...
Questions that need clarification, especially in light of the ambiguity of Schwab's figure. We recall that the German engineer is in fact the author of the essay "Covid 19: The Great Reset", in which he describes the project already illustrated at the previous World Economic Forum. In practice, this is the reorganization of society following the spread of the virus.Closure of activities and interpersonal distances, according to Schwab, should be seized as a great opportunity to start a process of exasperated digitization, seasoned with a pinch of ecologism. According to the German engineer, this project should therefore pass over the hundreds of thousands of activities that will be forced to close, both for restrictions and for the forced ecological conversion
SC, Government released oil reserves today. Drip had a pretty sizable dip. What do you make of it? I would have thought the opposite would have happened and drip would have went up.
Oil has dropped and stayed down. DRIP is based on oil company shares. It's ok. What we can see is that they are telegraphing that they want to knock oil down. I think it will have some effect and drop oil in short term. Only temporary though.
Looks like they plan to sell Oil over a few months.
"The U.S. will release 50 million barrels from the SPR. Of that total, 32 million barrels will be an exchange over the next several months, while 18 million barrels will be an acceleration of a previously authorized sale."
UVXY does look to be getting more interesting. It looks to be getting closer. I have no position yet, but it warrants a closer watch next. We might get one more dip for UVXY before it runs but soon.
If the government doesn't like the result they get by selling 50 million barrels of Oil then they sell 100 million barrels. They are going to sell it all.
It seems the government has decided they no longer need a Strategic Petroleum Reserve. Perhaps this is coinciding with the switchover to electric cars.
I'm going to have large profits at open because when I saw Biden starting to sell a 600 Million barrel Oil position I had plunked a rather large amount into XLE puts earlier this week.
I have to say. Nice pop and we do have that higher high UVXY. Now this gives me something to work with. I'm not that enthusiastic yet about volatility though, but I am warming up to it.
Let me explain. What they are doing is attacking Oil. They used a surprise attack at Thanksgiving to drop Oil while nobody except us were paying attention.
The entire strategy relies on getting the price lower as fast as they can. If they took it lower slower then it would require more Oil to sell. They don't want to sell more than they have to.
In August I had stated that Delta was a fraud. A government ploy to induce those to be vaccinated. I faded Delta at that time.
Omicron is the real variant. The next fear event.
Why Omicron? Because Omicron is from Africa where the "bad diseases" come from according to conception. Ebola for example kills up to 90% of the people it infects.
People are worried about a deadlier variant. The variants are all the same, but the African variant may appear more deadly. This is because the African death toll likely higher due to malnutrition and lack of Healthcare.
UVXY is holding but it may not be ready for further quite yet. It's coming. I think UVXY in a holding pattern as we are waiting for Omicron to invade US shores. Then massive spike in VIX.
Low is due and I'm starting to build positions. For next leg of volatility we are awaiting the arrival of Omicron. This can take weeks. I estimate another Vol spike due December 22nd.
Thanks lol! Well I was looking at the Oil chart and Crude at around $60 looks like it can bounce to $75. I'm thinking for this one UCO $55 bounce to $80.
I think we rally into the 29th then get slaped after that possibly into dec 3rd maybe 100 spx points or greater
ReplyDeleteMakes sense Louis. Some pre Christmas volatility could be in the works
DeleteDon't expect with holiday we would see much this week either.
ReplyDeleteFor UVXY what we would want to see next is a higher high. A test of the 50 dma around $18.
ReplyDeleteSC: Any thoughts on XBI? Thanks.
ReplyDeleteXBI has been weaker but still looks to be setting up a low soon. Might have to wait for the weekly 200 that is $103.
DeleteXBI is close to being oversold on daily
DeleteGreetings to everyone from Rome, I wanted to have my say on what is about to happen to Super Mario Draghi here in Italy, it is now clear that he is the tip of the balance in Europe. The former BCE after Merkel, now out of politics, is certainly the highest-ranking institutional exponent present and becoming President of the Italian Republic, we vote in a few months, would make him leave the post of President of Ministers, this would lead to the Italy in the elections and a sure victory for the anti-European Right. All this would trigger an earthquake of unspeakable or predictable proportions.
ReplyDeleteThe Prime Minister, Mario Draghi, met the Founder and Executive President of the World Economic Forum (WEF), Klaus Schwab, at Palazzo Chigi this afternoon ... What exactly did Draghi and Schwab say to each other? Have they made binding decisions for the Italian state? Is there a transcript of the meeting and if so, why not make it public? And above all why did the Italian Prime Minister decide to welcome the representative of a private organization as if he were the head of a state? ...
ReplyDeleteQuestions that need clarification, especially in light of the ambiguity of Schwab's figure. We recall that the German engineer is in fact the author of the essay "Covid 19: The Great Reset", in which he describes the project already illustrated at the previous World Economic Forum. In practice, this is the reorganization of society following the spread of the virus.Closure of activities and interpersonal distances, according to Schwab, should be seized as a great opportunity to start a process of exasperated digitization, seasoned with a pinch of ecologism. According to the German engineer, this project should therefore pass over the hundreds of thousands of activities that will be forced to close, both for restrictions and for the forced ecological conversion
ReplyDeleteThank you very much and let's watch as events unfold in Europe.
Deletehttps://www.byoblu.com/2021/11/23/draghi-incontra-schwab-prove-tecniche-di-grande-reset/
ReplyDeleteSC,
ReplyDeleteGovernment released oil reserves today. Drip had a pretty sizable dip. What do you make of it? I would have thought the opposite would have happened and drip would have went up.
Oil has dropped and stayed down. DRIP is based on oil company shares. It's ok. What we can see is that they are telegraphing that they want to knock oil down. I think it will have some effect and drop oil in short term. Only temporary though.
Delete50 million barrels of Oil will be released from the Strategic Petroleum Reserve.
ReplyDeleteSo I looked at the chart. They had about 600 million.
Looks like they plan to sell Oil over a few months.
ReplyDelete"The U.S. will release 50 million barrels from the SPR. Of that total, 32 million barrels will be an exchange over the next several months, while 18 million barrels will be an acceleration of a previously authorized sale."
sc,
ReplyDeleteToo much politics --retail sales are being taken away by robbery----does this make sense!
Something will cause a sell off next week --looking to load up on UVXY under $15.50---we should see twenty!
UVXY does look to be getting more interesting. It looks to be getting closer. I have no position yet, but it warrants a closer watch next. We might get one more dip for UVXY before it runs but soon.
DeleteGUSH looks to be hitting resistance at 50 RSI on daily. Hmmm bad day tomorrow possibly.
ReplyDeleteIf the government doesn't like the result they get by selling 50 million barrels of Oil then they sell 100 million barrels. They are going to sell it all.
ReplyDeleteIt seems the government has decided they no longer need a Strategic Petroleum Reserve. Perhaps this is coinciding with the switchover to electric cars.
ReplyDeleteFutures plunge!
ReplyDeleteSCNovember 24, 2021 at 11:30 AM
"GUSH looks to be hitting resistance at 50 RSI on daily. Hmmm bad day tomorrow possibly"
Dow futures plunge 400 points amid fears of new Covid variant found in South Africa
ReplyDeletePlunge. About time. I'm expecting at least 50 dma. A stink bid in for PYPL for 137.
ReplyDeleteYes finally the action!
DeleteWell there's your 100 points came early
ReplyDeleteHappy Thanksgiving! hahaha
DeleteSC,
ReplyDeleteOCGN is at $5.80 this morning. Where do you think the buy price is at?
Excellent! $4.90 would be ideal. This is because in June pre market low was around $4.90.
Deletesc,
ReplyDeleteI guess the UVXY did tell the story ----lets get 20 to sell
It sure did!!!
Deletesc,
ReplyDeletedo you think ---I will get 25????
UVXY 50 day average is at $18.77. Gaps at $19.75 and $22.
DeleteI think market may recover with bounce today and tomorrow but low in 3 to 4 days. Month end. November 30th to December 1
ReplyDeleteYes I think that 2
DeleteBought starter OCGN $5.85.
ReplyDeleteI wouldn't buy OCGN heavy yet. I'm only in 15% of what I want.
DeleteBought DWAC $41.00.
ReplyDeleteThis I am buying heavy lol. $39 to $40 looks solid. December target $54. Chart already posted to Twitter.
DeleteMaybe one day I post to this "Truth" instead of Twitter lolol
DeleteSold OCGN $6.15.
ReplyDeleteBought OCGN $5.98. I went in only 10%.
ReplyDeleteAll Summer and Fall this had been hyped on Who approval. So when they finally got Who approval it was a sell the news event.
DeleteSo I just wait for this to settle.
I'm going to have large profits at open because when I saw Biden starting to sell a 600 Million barrel Oil position I had plunked a rather large amount into XLE puts earlier this week.
ReplyDeleteKhaaachachingggg!!!
DeleteI have to say. Nice pop and we do have that higher high UVXY. Now this gives me something to work with. I'm not that enthusiastic yet about volatility though, but I am warming up to it.
ReplyDeleteSold OCGN $6.35.
ReplyDeleteSold half my Puts on XLE.
ReplyDeleteBought DWAC $39.60.
ReplyDeleteSold all the Puts in XLE.
ReplyDeleteXLE does have gap lower at $52 and it might get there but good enough.
DeleteBought KODK $6.25.
ReplyDeleteKODK is approaching oversold on daily. This has a quadruple divergence now forming on the weekly chart MACD. This is one of the strongest technicals.
DeleteKODK is $30 target stock. Yes it could get more oversold on daily and may take a while to be ready. All the hype has faded away from last year.
GUSH $82 is 200 day which also coincides with gap fill.
ReplyDeleteRemember what I had said the only fear worth trading right currently is Covid fear. You see the result Dow plunges 1,000!
ReplyDeleteBiggest downside down day for Oil in a year!
ReplyDeleteThe biggest losers in futures today are all Oil products. Brent, WTI, heating Oil and Gasoline.
ReplyDeleteDo you have a downside target for oil?
ReplyDelete$52 target WTI Crude Oil.
DeleteLet me explain. What they are doing is attacking Oil. They used a surprise attack at Thanksgiving to drop Oil while nobody except us were paying attention.
ReplyDeleteThe entire strategy relies on getting the price lower as fast as they can. If they took it lower slower then it would require more Oil to sell. They don't want to sell more than they have to.
Biden just hit the bid. OIL $69.
DeleteMy CCL bear chart from November 8th was a beauty! At that time $24. Now $17. It drops every day then massive plummet today lolol
ReplyDeleteSc when u buying labu
ReplyDeleteI bought this dip
ReplyDeleteSPX may go a little lower Louis for month end, but I agree with you.
DeleteBought VXX Calls January 21, 2022 at $30 strike for $3.45.
ReplyDeleteI think we get a big rally Monday into Wednesday
ReplyDeleteChristmas rally coming for sure
DeleteSo u buying vxx calla and labu
ReplyDeleteToo early still for LABU but I like the idea. Soon.
DeleteUvxy jumped 15 to 20,so is it ok to buy vxx c now
ReplyDeleteUVXY hit the gap at $19.75 and ran up. It's strong.
DeleteVXX has the 200 average at $34. The way it's will get there easily probably by month end.
I'm long Calls now in VXX.
Took half profits. Sold DWAC $41.85.
ReplyDeleteSold DWAC $42.60.
ReplyDeleteStrength in DWAC. It went vertical there haha I'm looking for another entry maybe around $40.
DeleteThere goes UVXY!
ReplyDeleteWhat a day that was!!! I don't recall ever having that much fun in a half day of trading before.
ReplyDeleteI love Thanksgiving!!!!
Great trades SC!
DeleteUVXY hit the $22 gap today on the button!
ReplyDeleteSCNovember 26, 2021 at 5:17 AM
UVXY 50 day average is at $18.77. Gaps at $19.75 and $22
I saw once UVXY went through $19.75 it was strong. That's when I bought the Calls in VXX.
DeleteDeep dive in markets today hahahahahaha!
ReplyDeletehttps://youtu.be/JbAco_M_sU0
Wow, that's like jumping off a cliff. Did you enjoy stocks Black Friday SC?
DeleteYou mean "Red Friday" 🤣
DeleteSc what level do you see the spx bottoming out ?
ReplyDeleteA while back I had mentioned 4,500 SPX.
DeleteSC, I can´t trade vxx but vix yes. Target 34 in vxx is the same that vix 37?
ReplyDeleteI'll post VIX Levels
DeleteWe could see 4480 I believe we pop up and then drop
ReplyDeleteI believe this is the first selloff in my SPX Cycle.
ReplyDeleteCan u pl post your spx cycle, or it will be after the fact
DeleteI'll post it very soon
DeleteIn August I had stated that Delta was a fraud. A government ploy to induce those to be vaccinated. I faded Delta at that time.
ReplyDeleteOmicron is the real variant. The next fear event.
Why Omicron? Because Omicron is from Africa where the "bad diseases" come from according to conception. Ebola for example kills up to 90% of the people it infects.
The Covid indicator just took a massive jump. From Thursday it is up 26,000 to 626,000. COVID fear spiking upwards.
ReplyDeletespx 4665 to 4670 then down again looking for a move down into 4500
ReplyDelete0r lower
There's gap just under 4,500. Also 4450 is the neckline of inverse head and shoulders September/October
Delete"Omicron variant now in North America, Canadian officials say"
ReplyDeletehttps://www.telegraph.co.uk/global-health/science-and-disease/south-african-doctor-raised-alarm-omicron-variant-says-symptoms/
ReplyDeletethe dr on africa is saying omicron is mild
ReplyDeletewe hit 4500 i will buy big
People are worried about a deadlier variant. The variants are all the same, but the African variant may appear more deadly. This is because the African death toll likely higher due to malnutrition and lack of Healthcare.
ReplyDeletehttps://www.valuetrend.ca/trading-covid-cycles/
ReplyDeletelets face it they want to sell vaccines at 1000 a second
ReplyDeletesc,
ReplyDeleteuvxy---what do you think here?
UVXY is holding but it may not be ready for further quite yet. It's coming. I think UVXY in a holding pattern as we are waiting for Omicron to invade US shores. Then massive spike in VIX.
Delete"Covid omicron variant poses ‘very high’ global risk and is likely to spread, WHO warns"
ReplyDeleteuvxy---18 back to 22---???
ReplyDeleteMaybe $20. It might need a little consolidation.
Deletesc,
ReplyDeleteare you still holding DWAC?
expecting 50?
No took profits on Friday. Looking for another entry maybe tomorrow $40. Yes over $50
Delete"Biden says Covid lockdowns not needed for now"
ReplyDeleteVIX subsiding however the difference is this was no random spike. This was the first shot, warning.
ReplyDeletewhat does that mean?
ReplyDeletewe have another big down coming soon???
ReplyDeleteWe're waiting for the new virus to reach the US and yes the VIX spike again. Clock ticking now...
Delete4666
ReplyDeleteI think we drop from here
ReplyDeleteNVAX plunged suddenly, now halted
ReplyDeleteXBI making a fresh low. This is going to be spectacular once the bottom is in.
ReplyDeleteThe Delta was the classic Boy Who Cried Wolf.
ReplyDeleteSpx ---4666 is the 20 day moving average--we need to close and stay above that level to go higher ---that will be tomorrows quest?
ReplyDeletespx---4666 is the 9 day moving average
ReplyDeleteBang just like that
ReplyDeleteYes!!!
DeleteThe Purge has commenced.
ReplyDeletehttps://youtu.be/pLuNy8qfK9Q
We got the bounce and the month end selling.
ReplyDeleteSCNovember 26, 2021 at 5:19 AM
"I think market may recover with bounce today and tomorrow but low in 3 to 4 days. Month end. November 30th to December 1"
Low is due soon, maybe a few more days yet
ReplyDeleteBought OCGN $6.50
ReplyDeleteTarget $8
DeleteBought DWAC $42.05
ReplyDeleteTarget $54
DeleteLow is due and I'm starting to build positions. For next leg of volatility we are awaiting the arrival of Omicron. This can take weeks. I estimate another Vol spike due December 22nd.
ReplyDeleteJust looking for a 100 point rally
ReplyDeletelooks very possible here
ReplyDeleteFingers crossed
DeleteI do think there is a risk that we could go down to 4500 or possibly 4480 this there's always that chance
ReplyDeleteBought DWAC $40.30
ReplyDeleteWe should get a sick rally here for the next couple of days
ReplyDeleteTook profit sold VXX Calls $30 Strike Jan 21, 2022 at $3.60.
ReplyDeleteI have another time frame to do this trade. Estimate December 22nd. There's not enough Volatility now just yet.
DeleteSC,
ReplyDeleteHow high are you expecting VIX to go once Omicron reaches US? (I think it’s already here but MSM hasn’t figured it out yet)
Last year VIX reached 80.I notice that VIX about to make a golden cross....
I think you mentioned VIX 170 once but that was a few years out.
Cases of Omicron have been reported in Canada and borders opened November 7th so yes agree Omicron is or will be here soon. I figured 3 weeks.
DeleteYes Golden cross VIX in a few days. I'm thinking 35 to 40 VIX just on this first reports of infection.
DeleteOh micron that's what there telling u
ReplyDeleteI am buying the dip buy mortimer
ReplyDeleteJust bought some micron
ReplyDeleteBecause of omicron Are they giving me a subliminal message
Lolol
DeleteJust bought a block of 460 calls
ReplyDeletesc,
ReplyDeleterally or buy UVXY????
Small bounce and lower low for SPX but get ready for Santa rally
ReplyDeleteDo you see a rally on spx from now until 22 december? Many thanks
DeleteYes a few more days for the low then rally
Deletesc,
ReplyDeleteThis is low into Friday then start Santa's rally into the 21 of the Month-correct?
Generally yes, could be Friday or next week
DeleteSC, vix has in 45 a gap not filled, may be a target for the first reports of infection?
ReplyDeleteThank you Charles! Maybe or could be a little later as the virus spreads.
DeleteWhat price level u will buy labu, r u expecting xbi to touch 105
ReplyDeleteLABU and XBI are close to a low. Maybe $107. They did touch oversold.
DeleteThanks
DeleteNice lift off the lows DWAC!
ReplyDeleteXBI in the green
ReplyDelete"Fauci says omicron Covid variant has already been found in 20 countries, but not yet in the U.S."
ReplyDeleteFauci will find it, you can count on it lol
DeleteSC, at what price do you expect to sell the Calls bought in vxx for January?
ReplyDeleteAlready sold $3.60 profit. I plan another entry when we have the element of surprise on our side.
DeleteNice pop in futures, isn't this fun!
ReplyDeleteGreat calls, thank you for the road map.
ReplyDeleteYou are welcome, December should be a fun month!
DeleteI'm selling all longs at some point today
ReplyDeleteNow we are in a good position. Volatility woke up with the rogue virus on the loose. In December we will wait for the next Volatility setup.
ReplyDeleteThis already looks strong. SPX may have another good day tomorrow.
ReplyDeleteIt should after we sell-off 30 to 40vpoints
ReplyDeleteI am out of all long options
ReplyDeleteAnd here is the drop Tommy I will be a buyer at 46 12 if that happens
ReplyDeletesc,
ReplyDeletethe UVXY---is starting to look good ----????
Just went longbat bottom bought s block 460 calls
ReplyDeleteI'm expecting a move up into the close
ReplyDeleteStopped out of OCGN at $6.26. All the vaccines are taking a hit. Although could pop to $7 or $8 just not worth it yet imo. XBI still weak.
ReplyDeleteVXX has a gap at $21.50. UVXY corresponds to about $15. I think these will cool off soon.
ReplyDeleteUVXY did get that higher high in November so it's improving, but let it settle.
ReplyDeletesc,
ReplyDeletelets see what happens---I think we see hider numbers first --maybe 25--according to cnbc---first case of omicron was reported in Cali
lets see what happens---I think we see higher numbers first --maybe 25--according to cnbc---first case of omicron was reported in Cali
ReplyDeleteThe first case well it's still going to take time. Biden might come out and say it's contained.
Deletesc,
ReplyDeleteBiden has been say too much lately --- that could be the problem!
if UVXY gets to 17 --I will buy more if not --25 still stands!
VIX trying to get that golden cross. It might succeed tomorrow.
ReplyDeleteDWAC surged suddenly and halted
ReplyDeleteOil threatening to break that trendline from March this year
ReplyDeletei am still waiting on Kodak???
ReplyDeleteIt always pays off around Christmas???
ReplyDeleteI'm holding KODK. It's a sleeper and hard to say for sure, but it may wake up. I'm not heavy though (yet) since there's no action yet. It is oversold.
DeleteSold DWAC $50.20.
ReplyDeleteVery nice profits and quick!
DeleteBought DWAC $45.50
ReplyDeleteSold DWAC $48.00.
ReplyDeleteBought DWAC $46.55.
ReplyDeleteI think DWAC run again tomorrow. I may raise the target significantly.
DeleteOr soon anyway.
DeleteIf Oil get much lower, closer to $60. I'll be a buyer.
ReplyDeleteAre you still thinking of reentering gush, if oil gets closer to 60.00? Congratulations on DWAC trades. Your trading has been red hot lately. lol
ReplyDeleteThanks lol! Well I was looking at the Oil chart and Crude at around $60 looks like it can bounce to $75. I'm thinking for this one UCO $55 bounce to $80.
DeleteSold DWAC $49.95.
ReplyDeleteSold all DWAC $52.00.
ReplyDelete