reverse head and shoulders may prove defensive sector stocks may be putting in a bottom. these may do well over the weekend as pros, sm, mm, tutues, and some retail may look to these to provide value when rotation is taking money out of growth. target 33.33 and 33.97 stop loss 32.89 as this would mean a probable touch of bottom anchored vwap band after a break of...
this is simple. were at the major resistance in nasdaq furures. if we stay over the .382 of fib trend extend we will probably bull flag, and this could mean we see the 0 of that pattern quite soon (around $55.94) stop loss around 52.89 as this would mean we need a retest of major support.
if we fail the double top, and break 18.34 confirming a downtrend with a lower high, or immediately continue bear vix, im fine with selling volatility here. if we immediately continue over 19.17, or we set a higher low over the .382 of the bounce and break the high i would stay long vix for the time being if multiple sectors are continuing to make new lows...
we are at a critical level in UVXY where oscillators like rsi are making a same low while the price has decreased somewhat.
i really want to stress that i am not saying the daily/weekly trend is going to change right back to bull. with that said, i think there is money to be made long over the next week, as long as futures sunday dont have the craziest bear session since corona. some shorts are going to cover on the next drop, and this is going to cause a small squeeze. i dont think...
we have reached another crossroads for vix, and thus one of my favorite etfs: UVXY. if we hold mid to high 11s the we could be up at mid 12s by friday if we keep breaking to new lows today and tommorow then we could be back down in the low 11s by the middle of next week.
nasdaq futures are looking pretty troubled right now, and if we see a large enough gap down and break last weeks low this could spell out further weakness in the index which could last into march volume has refused to drop off, and if we see another spike it will probably be selling taking out fridays high probably opens the gate to $76, and additional volatility...
looking for prices above 145.5 or below 144.6 if we break out of this pattern of higher lows and lower highs in the s&p500
UWT (Oil) is extremely undervalued in comparison to its price over the past couple years. Great buy for a potential 20%+ return.
Long >25.10 Stop - 24.99 Target - 29.7