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Monday, September 26, 2022

UVXY - Pop Likely Soon

UVXY hasn't broken out yet but a pop does look likely soon. Fear is coming from all angles it seems. 60min

34 comments:

  1. Market oversold yesterday on daily. UVXY finding some resistance at the trendline.

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  2. sc,

    how soon? --Nord stream--gas pipe line leak--not good!---i see the volatility---

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    Replies
    1. October into November. Not major yet but the volatility etfs look cheap relative to VIX.

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  3. SWEDISH UPPSALA UNIVERSITY SEISMOLOGIST REGARDING NORD STREAM: WE ARE VERY CERTAIN THESE WERE EXPLOSIONS, THIS WAS NOT AN EARTHQUAKE AND NOT A LANDSLIDE

    SWEDISH UPPSALA UNIVERSITY SEISMOLOGIST: EXPLOSIONS WERE IN THE WATER, AND NOT IN THE ROCK UNDER THE SEABED

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  4. Put Options Volume Jumps to Record High - WSJ

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  5. Record Put Options traded Friday

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  6. Deena -- I don't know ---Way above our Pay grade!---Govt will lie to us anyway!

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  7. I'm thinking down one more week next week then can see a bounce

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  8. Close above Spx 3720 --bullish --we are in no-mans land---wait and see!

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  9. the move in XBI could be leader up as it was leader down in early 21
    I would watch, CL bounced beautifully off 100 week cycle line

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  10. SC,

    $16 UVXY price target?

    What is UVIX price target?

    Looks like there will be a bounce in SPX first.

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    Replies
    1. What I'm thinking is take profit on volatility next week and looks for longs into midterms. Then reshort afterwards.

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    2. I just work off UVXY charts. UVIX has better leverage but is so new that there's not much to chart.

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  11. SC
    Spx 3720--Hit--still no mans land--just for you-The rumors are --that we sell off into Friday--could be hard down --no guarantees---place your bets!

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  12. Replies
    1. I may go long next week. Biotech possibly best sector in entire market.

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  13. Now we're in an environment when we can trade volatility. Market condition continues to weaken and reality starts to sink in.

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  14. The mood is far too optimistic. People thought the war was going well for Ukraine. Russia just took all of Eastern Ukraine in the first battle!

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    Replies
    1. that's because Western media is full of lying liars. They are no longer journalists. They spit out whatever narrative the government/US military/CIA/FDA/CDC is pushing. Current narrative is "Putin bad, Ukraine good. Good guys will win." They never tell you about the Azov battalion in Ukraine. Never mention the CIA backed coup in 2014 that deposed a democratically elected President. In fact, Oliver Stone made a compelling documentary about that called Ukraine on Fire. It sat out on youtube for several years. After Russia invaded, youtube took it down. Western media does not want you to know the truth. They want you to know the correct narrative.

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    2. It's true that journalists today push the same narrative. It's a big problem.

      Facts would be nice.

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    3. Pima is right, something not good is setting up and hate to say it might be tomorrow when he bring referendum countries back into Russia territory

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  15. We won't have a bottom in SPX until morale deteriorates.

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  16. Sc,

    Buying Labu -Biotech is at the bottom---11/18 -calls--strike 8 ---there cheap and I got time to hold them

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  17. sc,

    basically --there may be a bottom here to next week--wait for EOD--if it does not collapse---go long!

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  18. Replies
    1. Cheap price for BBBY under $6 for trading. I've seen this chart before. Resistance I have around $15.

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  19. KMX holders were beat up like red headed step child today

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