UVXY is still in a downtrend on the weekly chart. Notice that UVXY is more active this year. It's tradeable as it grinds lower. The 50 weekly is keeping a lid on the price for now. Weekly
So far have been calls for SPX. In December called for a 10% dip. Correct. March said SPX would find it's footing and rally. It did. Then for April shaky, and it was.
SCMarch 17, 2022 at 10:04 AM "As you stated before and I think a great point this is not going to be a strong Quarter and that is going to make for a shaky start to April."
"Digital World Acquisition fell 5% in Monday trades, and the decline was sparked after a report said Twitter's board of directors were moving closer to Musk on a deal, with a potential announcement coming as early as today."
SCJanuary 7, 2022 at 11:41 AM "DWAC may be too high here. Financing being done at $33.60. What I suspect is that they are financing in the market. Sell or short and then cover at $33.60. That's why for now the stock is capped for now."
Yes, the dynamics for volatility are continually increasing. The pandemic, war, inflation. are just indications of this, and how the mood is reacting in an extreme bringing out the worst. Unstable governments. Fears are rising over years, and more and more people are realizing the gravity of the problem.
Volatility will have the largest move of any market. However, it is not a plan yet to buy and hold volatility. Trading volatility until conditions are ripe for that spike to 170 testing 1987 VIX.
It's happening, there's no going back to the way things used to be.
trying to figure out what the stock price would do here. I thought the deal was for Musk to buy out the company and take it private. Doesn't that mean he has set a price for the shares and he will buy all the shares at that price? If so, it seems like the share price should move to Musk's buyout price and stay there, no?
Today SPX drop in part due to TSLA plunge. TSLA a volatile component of the index. By adding Tesla to SPX it has become more volatile. Volatility is increasing.
Musk pledged TSLA as collateral to buy TWTR on margin
My prediction S&P 500 dips below 4000 before any sort of short term rebound. We are in a bear market. We are headed to lower lows. Another market crash is in the making.
Guys / Ladies---we need a bounce to save us ---above Spx 4500 to save us for the Monthly chart--but it looks like Spx 3900 --Houston --there is a problem --Buying small companies that apply to the Russel 2000---normally sell off the most--the month ends Friday---If in June ---the Quarter is down --the High could be in for the year---yet to be seen?
Seriously! The S&P 500 is green, the DOW is green, the Nasdaq is green but the XBI index and LABU are down yet again. In fact, LABU is down a whopping 5.05% at $8.46. This is criminal! The biotechs are an absolute bottomless pit. The selling is endless. When is it going to stop? LABU is already deeply oversold.
I bought in too early but if anyone has any extra cash, in my opinion, LABU is no brainer money maker here at these crazy prices. Now it's down 9.32% at $8.08.
There is a very tiny gap on the daily chart of the XBI index at $87.58 on April 14th and $87.46 on April 18th. This will likely get filled since XBI is deeply oversold.
This statement has validity: the dynamics for volatility are continually increasing. The pandemic, war, inflation. are just indications of this, and how the mood is reacting in an extreme bringing out the worst. Unstable governments. Fears are rising over years, and more and more people are realizing the gravity of the problem.
Volatility will have the largest move of any market. However, it is not a plan yet to buy and hold volatility. Trading volatility until conditions are ripe for that spike to 170 testing 1987 VIX. Most traders today are not aware of inflation--if they don't understand the concept --they will not trade it---they are not buying the rallies no more! we can drop to SPX 4000--3900----below that spx 3600---pick your spots and hold--remember --inflation was big in the 70 and 80'---that data worked then --less people in the world! I want a bounce but all rallies are being sold! This is not a buy and hold Market!
That stopped when the fed stated the Market will not be supported!
UVXY in a downtrend but the next low should be interesting. That's when we could see an uptrend develop.
ReplyDeleteSo far have been calls for SPX. In December called for a 10% dip. Correct. March said SPX would find it's footing and rally. It did. Then for April shaky, and it was.
ReplyDeleteSCMarch 17, 2022 at 10:04 AM
Delete"As you stated before and I think a great point this is not going to be a strong Quarter and that is going to make for a shaky start to April."
What do you see in store for spx in May ??
DeleteThanks
SPX rebound but it will be muted this time
DeleteBought some DWAC $35.35
ReplyDeleteDwac to 50?????
ReplyDelete"Digital World Acquisition fell 5% in Monday trades, and the decline was sparked after a report said Twitter's board of directors were moving closer to Musk on a deal, with a potential announcement coming as early as today."
DeleteThe merger for DWAC is due soon, and could run on that. It's cheap here.
DeleteCame down as anticipated to $33.60.
DeleteSCJanuary 7, 2022 at 11:41 AM
"DWAC may be too high here. Financing being done at $33.60. What I suspect is that they are financing in the market. Sell or short and then cover at $33.60. That's why for now the stock is capped for now."
DWAC we'll see about the price short term pop
DeleteSC, do you still think we are going to see 170 in the vix?
ReplyDeleteYes, the dynamics for volatility are continually increasing. The pandemic, war, inflation. are just indications of this, and how the mood is reacting in an extreme bringing out the worst. Unstable governments. Fears are rising over years, and more and more people are realizing the gravity of the problem.
DeleteVolatility will have the largest move of any market. However, it is not a plan yet to buy and hold volatility. Trading volatility until conditions are ripe for that spike to 170 testing 1987 VIX.
It's happening, there's no going back to the way things used to be.
Twitter accepts Musk's offer but the price didn't even move
ReplyDeletetrying to figure out what the stock price would do here. I thought the deal was for Musk to buy out the company and take it private. Doesn't that mean he has set a price for the shares and he will buy all the shares at that price? If so, it seems like the share price should move to Musk's buyout price and stay there, no?
DeleteMany of the details have yet to be disclosed it seems. Musk holding the cards but we'll hear more.
DeleteToday SPX drop in part due to TSLA plunge. TSLA a volatile component of the index. By adding Tesla to SPX it has become more volatile. Volatility is increasing.
ReplyDeleteMusk pledged TSLA as collateral to buy TWTR on margin
Sc labu at 9.55
ReplyDeletebought some tqqq 39.15
ReplyDeletelong spx may 13 calls
ReplyDelete442 calls at150
ReplyDeletealso 425 calls
ReplyDeleteim thinking 4400 spx in short term
ReplyDeleteSc do you think k labu will have reverse split
ReplyDeleteI bought more tqqq 38.76
ReplyDeleteBought 425 calls 6.79
ReplyDeleteBought 445 83 cents
ReplyDeleteMeant to 90 cents
ReplyDeleteThis comment has been removed by the author.
ReplyDeleteMy prediction S&P 500 dips below 4000 before any sort of short term rebound. We are in a bear market. We are headed to lower lows. Another market crash is in the making.
ReplyDeletemy prediction is that we rally off this bottom and then drop
ReplyDeleteTook profits sold DWAC $44.00
ReplyDeletesold dwac at 45.50 --Sc ---nice move --What is the next one???
ReplyDeleteNice! DWAC is a great trader.
DeleteSc do you still see a rise in ocgn ?
ReplyDeleteThanks
Yes the biotech charts are coming next. The whole sector is oversold.
DeleteGuys / Ladies---we need a bounce to save us ---above Spx 4500 to save us for the Monthly chart--but it looks like Spx 3900 --Houston --there is a problem --Buying small companies that apply to the Russel 2000---normally sell off the most--the month ends Friday---If in June ---the Quarter is down --the High could be in for the year---yet to be seen?
ReplyDeleteJust be careful?
ReplyDeleteWe should see a bounce but muted. Things aren't bad yet. Month of May could be calm after the storm
Delete"U.S. drillers add oil and gas rigs for ninth time in ten weeks"
ReplyDeletesc--thats good ---I bought gush at 142--looking for 180---any advice?
ReplyDeleteI still remember ---sell in May --and go away!
ReplyDeletelol you are gonna trade anyway
Deletemarkets look like they want to rip higher
ReplyDeleteyup!-----luv ya-----Lou!
ReplyDeletesold gush!
ReplyDeleteI had exited oil and waited for the price to come to earth
DeleteTheres your pop 4300 coming
ReplyDeleteThere you go!!
DeleteSeriously! The S&P 500 is green, the DOW is green, the Nasdaq is green but the XBI index and LABU are down yet again. In fact, LABU is down a whopping 5.05% at $8.46. This is criminal! The biotechs are an absolute bottomless pit. The selling is endless. When is it going to stop? LABU is already deeply oversold.
ReplyDeleteXBI and LABU are oversold yes both on daily and weekly.
DeleteI bought in too early but if anyone has any extra cash, in my opinion, LABU is no brainer money maker here at these crazy prices. Now it's down 9.32% at $8.08.
DeleteThere is a very tiny gap on the daily chart of the XBI index at $87.58 on April 14th and $87.46 on April 18th. This will likely get filled since XBI is deeply oversold.
Bought OCGN $2.16.
ReplyDeleteThis statement has validity: the dynamics for volatility are continually increasing. The pandemic, war, inflation. are just indications of this, and how the mood is reacting in an extreme bringing out the worst. Unstable governments. Fears are rising over years, and more and more people are realizing the gravity of the problem.
ReplyDeleteVolatility will have the largest move of any market. However, it is not a plan yet to buy and hold volatility. Trading volatility until conditions are ripe for that spike to 170 testing 1987 VIX.
Most traders today are not aware of inflation--if they don't understand the concept --they will not trade it---they are not buying the rallies no more!
we can drop to SPX 4000--3900----below that spx 3600---pick your spots and hold--remember --inflation was big in the 70 and 80'---that data worked then --less people in the world!
I want a bounce but all rallies are being sold!
This is not a buy and hold Market!
That stopped when the fed stated the Market will not be supported!
Go figure!
New chart posted!
ReplyDeleteand theres the pop i will sell into strength
ReplyDelete