Wednesday, May 25, 2022
$VIX - 50 and 200 averages
VIX is making a pattern on the daily chart. VIX can still cool short term but conditions are increasingly ripe for a pop in Volatility. Daily has a golden cross and weekly also has a golden cross. Because SPX has made a slow selloff for five months, the VIX will likely pop when SPX is near a bottom under these circumstances. Daily and Weekly
Wednesday, May 11, 2022
DWAC - Trump Invited to Twitter
Elon Musk has invited Trump back to Twitter. Trump is said to have 80 million followers on Twitter, and could have a large voice once again soon. The closing of the Twitter acquisition could be a catalyst for DWAC stock. Daily
Monday, May 2, 2022
SPX - Lower Low
SPX is trading around the February lows currently. SPX making a lower low though it won't be by much. 4,400 is resistance and then up at 4,800 a retest of the highs.
Daily
Thursday, April 28, 2022
XBI - At Longterm Trendline
Biotech is testing the longterm trendine now. These lines are not always perfect, but Biotech should see support soon. One reason it does seem heavy is that XBI has had a big bull run for many years as shown in this monthly chart. Monthly
Monday, April 25, 2022
UVXY - Still In a Downtrend
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
Thursday, March 31, 2022
XLE - Sharp Pullback Due
Oil shares are overextended and a pullback is due. It's going to be swift. Also it's going to be brief.
Weekly
Wednesday, March 23, 2022
NFLX - Trading Range Established
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
Subscribe to:
Posts (Atom)








