NFLX has turned up and is moving higher. Support and resistance is shown with a trading range established. Nasdaq is attractive improving from oversold levels. Daily and Weekly
I am not trying to impress you--yes the Russell will lead the way up --my point --we are running out of time--by the first or second week of April --we should be below SPX 4000 IMHO--Nato is adding more troops to four European countries- We need to get to SPX 4544 by Monday--then --a large move down should start at that time. Lets wait and see?
Raise interest rates, slow growth of housing prices... Americans largest bill... raise rates to slow corporate spending... less demand for workers to stabilize labor rates..
"Moscow’s stock market has rallied after share trading resumed for the first time since being suspended when the Ukraine invasion began nearly a month ago."
AMC was trading too loose. There were a lot of sellers and it needed to clean up. Now it is improving, but not enough to be ready to fly. What I think it needs is some more time. One more Cycle to go through to do that. A market high and then a low. It could be good but needs time.
This scary-----sounds like a Greek tragedy--the market gets pumped on no volume---past the SPX 4730 area--by the End of the month --so no signs of recession--and then we drop to new lows probably and the Fed stated that they pulling money out of the Market! Lets wait and see?
NFLX weekly 200 moving average at $425 next target.
ReplyDeleteSc how high spy will go if nflx to 425
ReplyDeleteSPX challenge the highs 4,700
Deletespx--4544 -.618 retracement---maybe- SPX 4600
ReplyDeleteHere when NFLX is in a positive focus on long trades. I notice small caps have perked up last week and today many good pops.
ReplyDeleteOnce the NFLX reaches up to the red resistance then the reverse is also true. You know what to do at that time...
ReplyDeleteSc
ReplyDeleteI am not trying to impress you--yes the Russell will lead the way up --my point --we are running out of time--by the first or second week of April --we should be below SPX 4000 IMHO--Nato is adding more troops to four European countries- We need to get to SPX 4544 by Monday--then --a large move down should start at that time. Lets wait and see?
I would think yes, however the market may rally as weird as that seems.
DeleteMy best guess, inverse head and shoulders. Up to 4550-4600 then down to 4300, then back up to old highs. That would be nice
DeleteDennis / Deena
ReplyDeleteThis really up to our politicians --oil above 105 per barrel-will stop--new highs or the test of our current highs!
sc,
ReplyDeleteWhere is the buy zone on UVXY?
Very soon, still think $10 or under
DeleteHello NG.....big R's today....72 on BOIL coming
ReplyDelete33 UNG.....61% weekly RSI, 6.40 NG first
Looks to me like it's nearing top of channel at 5.50.
Deleteit would be great to pick up the pullback, but NG has super spike coming to 12...Boil would be 150 at that target....expoliated its 193
Delete2-3 years left of bullish cycle
I looked at shorting the channel. But, it's dangerous.
DeleteIt could ride up top channel for a while.
instead buy at bottom.
Feds view on inflation:
ReplyDeleteRaise interest rates, slow growth of housing prices... Americans largest bill... raise rates to slow corporate spending... less demand for workers to stabilize labor rates..
All of which puts pressure on the stock market
Delete"Moscow’s stock market has rallied after share trading resumed for the first time since being suspended when the Ukraine invasion began nearly a month ago."
ReplyDeleteForeign investors cannot sell stocks until 1 April
ReplyDeleteSo let's see what happens first week of April.
What do you make of AMC's recent rise?
DeleteAMC was trading too loose. There were a lot of sellers and it needed to clean up. Now it is improving, but not enough to be ready to fly. What I think it needs is some more time. One more Cycle to go through to do that. A market high and then a low. It could be good but needs time.
ReplyDeleteGUSH lol
ReplyDeleteVolatility working down to the low we are after. The next low UVXY is the one.
ReplyDeletewhat area?
ReplyDeletesc,
ReplyDeleteUvxy---what level to go long?
Sc what is low on uvxy
ReplyDeleteSC,
ReplyDeleteWhat do you mean “next low UVXY is the one”?
Bottom for the year?
Mystery and intrigue...
Deletesc,
ReplyDeleteUVXY
I don't know the area to get hit --What area?--the Chris Rock Buy area----
HAHAHA!
Volatility getting more interesting and odd events are occurring. Waiting for April and I'll be looking at numbers in April.
ReplyDeleteOf particular note is that VXX has halted creation of units. This means that VXX is no longer tied to VIX futures and is trading on supply and demand.
ReplyDeleteIn a war and pandemic...
Netflix runs, Oil drops!
ReplyDeleteSC, you said oil would drop. What chance it hits the 50 day or even the 150 day, looks like a double top, xle to the 60s?
DeleteYes XLE into $60, Oil swinging fast now
Deletesc,
ReplyDeletesector rotation only---eventually they get around to Netflix!
qs is my stock
ReplyDeleteLooks good!
DeleteHOOD moving today - mentioned last week. AMC popped but still wait. HOOD is more broad way to play uptick in smaller caps.
ReplyDeleteRemember the plan. As long as the barometer NFLX rising towards $425, then focus long markets, stocks.
ReplyDeletevix 16?
ReplyDeleteYes VIX rest prior low
DeleteSC,
ReplyDeleteThis scary-----sounds like a Greek tragedy--the market gets pumped on no volume---past the SPX 4730 area--by the End of the month --so no signs of recession--and then we drop to new lows probably and the Fed stated that they pulling money out of the Market! Lets wait and see?
Yes a Greek tragedy. That is the right way to think about it. Everything is seen in a negative light. For volatility this is important to realize.
DeleteSpain inflation soars to 9.8%!! Germany 7.6%
ReplyDeleteSc,
ReplyDeleteWhen do you think Russian stocks will be trading again?
We are not allowed to buy markets at bottom such as Russia. We are only allowed to buy the US market top.
DeleteRussia could trade though I think. An understanding or agreement is probably coming soon.
ReplyDeleteI don’t have any hope for the ETF’s but I thought some companies traded on OTC/pink sheets like Gazprom OGZPY
ReplyDeletevix has rebound from the trend line November 2021, be careful
ReplyDeleteI'll check it out! Thanks!!
Delete