Global futures traded mixed on Monday morning to kick-off a busy earnings week, with over 100 companies in the S&P, and 13 in the DOW releasing earnings. We'll see the latest figures from Tesla, Apple, Microsoft, Caterpillar, and 3M to name a few. According to John Butters at FactSet, "In aggregate, companies are reporting earnings that are 22.4% above estimates,...
That minor dotted line support I added months ago held up far better than I ever anticipated, what a ride up that channel!
Approaching do or die, breaking the peak downtrend could trigger a large spike. May start acting like a support soon which could be interesting.
Look for Price Action to break the massive orange wedge early to mid feb too ;).
This is my first time charting UVXY, not saying i'm freaking out but i'll look at this chart every single day now bc its scary..
Copy the chart and look at smaller timeframes
Happy Friday, everyone! Global futures are taking a beating on Friday, as lockdowns in Hong Kong, Germany, UK, and across the euro area, tightened further. Traders have been on an absolutely ridiculous risk binge since November (really since March 2020), running straight towards a cliff, and are waking up today to realize they may be on the wrong side of risk. The...
US Futures drifted higher in the overnight session, with the S&P hitting a fresh all-time high of 3,859.62. We saw continued weakness in the labour market this morning, with jobless claims coming in higher than expected (exp 845k) at 900k, and over 5MM continuing claims persist. Not that the labour market has anything to do with this super cool new MMT economy....
We're consistently making higher lows, and I suspect this time is no different. Maybe it's just me, but Vix looks incredibly cheap, considering the fact that half of America's GDP has just been replaced with a printer. We're going to run into the long-term descending (green dotted) trendline soon, and Vix will explode. The current policy path is not sustainable,...
Happy New Year guys! I hope everyone had a relaxing and enjoyable holiday season. Let's get right into today's analysis:
Stocks have gone wild! We're seeing essentially every risk asset on the planet melt up as the dollar continues it's slow, and incredibly painful demise. The money supply continues to rise as investors raid their savings accounts, and banks lend...
If I were a betting man, I'd say the 10Y yield looks poised to test 1.20% as early as this week. A weak 20Y auction which saw $24 Billion in demand at a significantly higher yield than December, could be indicating weakness in the bond market.
It was another gap up overnight (shocking), and like most of you, I'm starting to wonder if markets will ever function normally again. Yesterday, we saw freakish price action in the afternoon session, as markets flat-lined from about 1PM onward. It's been a long time since I saw candlesticks look like a line chart in the open cash market. But, here we are again,...
![UVXY: [UVXY] RSI Ranging Nicely!](https://s3.tradingview.com/4/4g0ZOx0x_mid.png "[UVXY] RSI Ranging Nicely!")
![UVXY: [UVXY] Barely Budged on EOD Selloff](https://s3.tradingview.com/b/bVMIJHha_mid.png "[UVXY] Barely Budged on EOD Selloff")
![UVXY: [UVXY] This IS the Swing Dip Guys...](https://s3.tradingview.com/j/jpo904Vs_mid.png "[UVXY] This IS the Swing Dip Guys...")
