Monday, August 15, 2022
$VIX - 4 Years of Uptrend!
Volatility has continued to trend higher for four years since 2018. This will eventually lead to a massive spike in volatility. Volatility is increasingly expanding over years, and has already tested the 2008 level in 2020. VIX is likely to come down a little to test the trendline and then rise off the major trendline. Daily
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The timing for trading Volatility is coming as VIX gets ready to test the major trendline support.
ReplyDeleteEven though SPX rolled over this year, VIX was just chopping around.
ReplyDeleteBought AHPI $2.05.
ReplyDeleteLooking for $3 on the way to $7 AHPI.
Delete'The Public Health Agency of Canada will begin testing wastewater for the polio virus in several key high-risk communities following reports it was detected in sewage in the U.S. and the United Kingdom.
ReplyDeleteThe highly transmissible and sometimes dangerous virus can cause paralysis and death and was a silent spreader in the 1950s"
"Warren Buffett's Berkshire Hathaway keeps spending through volatile markets"
ReplyDeleteWall Street Journal
If only Buffett realized we are in VIX bull market! Buffett with a 53 Billion loss last quarter.
ReplyDeleteThat loss soon to balloon over 100 Billion.
Great work SC!
DeleteAnd we're just at the VIX trendline...support.
ReplyDeleteWTH is going on with BBBY?
ReplyDeletehttps://seekingalpha.com/article/4534815-bed-bath-and-beyond-massive-short-squeeze-is-coming-soon
DeleteWall Street Bets may be pushing it
DeleteFUBO and APRN also running
DeleteA lot of nothing --no volatility yet?
ReplyDeleteNot yet but soon
DeleteSC, the 50 moving average going to cross the 200, dead Cross in the dayl chart
ReplyDeleteAh yes it is. Daily VIX will get a death cross soon.
DeleteHowever weekly VIX made a golden cross in April.
What's happened is that this summer we had markets float up in the absence of selling.
ReplyDeleteWe had selling into June with traders actively at their desks. Summer vacation came and the selling went away. This is because travel restrictions lifted for the first time in two years.
In September traders arrive back from vacation and the selling returns.
Most importantly we can see clearly from this chart that we are in a BIG bull market for VIX.
ReplyDeleteTook profits sold RIG $3.81
ReplyDeleteGreat call, thank you!
ReplyDeleteSo 2 more week of flat volatility until a spike?
ReplyDeleteTwo early to declare volatility---but today could be the start!
ReplyDeleteEarly traders back from vacation getting a jump on the herd?
DeleteXLE on the move again. There's a gap at 87. We go there.
ReplyDeleteBought GUSH $172.80.
ReplyDeleteI'm also long XLE Calls Jan 2023 $105 strike.
DeleteWhen everyone started talking about inflation peaking that was the signal to get into Oil
ReplyDeleteSC, what’s your price projection on GUSH?
ReplyDeleteGUSH gap $220
Deletesc,
ReplyDeleteMajor concerns---Citi projects UK inflation to breach 18% in January as energy prices skyrocket.-------the lies become the truth!---lets hope for a cup and handle! -if not--The selling into June with traders actively at their desks. Summer vacation came and the selling went away. In September traders arrive back from vacation and the selling returns.---Some Early traders came back from vacation getting a jump on the herd?---we have time!---we need to test and break Spx 4300--with hope before labor day!---Top of the downward channel is dangerous place!
You know the old saying climb the Wall of Worry. I think SPX has more upside but yes all the concerns are valid for winter.
DeleteNew chart posted!
ReplyDelete