I am not sure how to use this to predict the next few weeks, but I found the comparison to be interesting. Enjoy.
Markets rallying to ATH has VIX/VXX/UVXY at highly oversold levels. If the trend from the last month or so holds, then UVXY is right in the buy zone on the 2h. I can't say it won't sink lower, but this region for the last month has been prime for support.
Markets have been on an absolute tear this week, and as we kick off the final day of trade for the week, it's important to reflect on what we just witnessed, especialy given last weeks (long awaited) bearish price action. We saw a massive rally this week fueled by stupidity, greed, and fraud, and I'm not convinced we're seeig natural price action off the back of...
Hey guys, sorry I missed you yesterday, I had a busy day of meetings and was away from my desk. Let's get right into it this morning. US Futures are struggling to hold on to the (weak) overnight gains, which saw the majors bounce between quarter and half a percentage point as of 8:30AM. We saw jobless claims come in hot at 779k claims, but better than the 825k...
Waiting for confirmation. I am def not an expert in Harmonic Patterns so some lines may not be perfect but would love to hear feedback and thoughts.
I'm away from my desk today guys, as I have a few meetings, but I wanted to share an idea nevertheless. The rocket ship appears to be running out of fuel around the gamma neutral zone (383), and the top of the white channel, where we saw 5 houly rejections in a row yesterday afternoon. AMZN and GOOG beat on earnings after the market close yesterday, and yet,...
The rocket ship appears to be running out of fuel around the gamma neutral zone (3830). We saw a retest of the longterm support-turned-resistance (green ascending trendline), and are setting up for a rejection. AMZN and GOOG beat on earnings after the market close yesterday, and yet, futures are relatively flat this morning. Will we finally see a (notable)...
The US majors are extending yesterday's gains with European and Asian markets up across the board, and leading the way. The S&P broke above the 21 day EMA in the overnight session, after seeing a rejection during yesterday's cash market. You guys know the game - when bears go to sleep, central banks show up and raid the barn. I see no reason for the continued...
See chart. So far they have been dead on.
The vix had a flare up from the mass confusion and frenzy caused by the huge short squeezes on AMC and GME. That is going to die down and continue to subside. As this subsides, the vix, a.k.a. the Fear Index, is going to steadly decline. Short the vix. VXX is a good investment vehicle to play the vix through.
Global futures are rebounding on Monday after a bearish close on Friday, and the worst week for markets since October. The SPY is catching a strong bounce off the 50 day MA, and is working its way toward the 21 day EMA at 376.80 as we approach the open. I expect to see strong resistance here, and a continuation of the downtrend from last week, toward the 50 day MA...
The Nasdaq ( QQQ ) is poised to open above it's 21 day EMA, which is sitting around 317.56. If QQQ sees a rejection at the open, our first target is the 50 day MA at 309. On the Russell ( IWM ), we're currently trading above the 21 day EMA in pre-market, with the 50 day MA sitting around 196.56. SPY is also seeing a bounce toward the 21 day EMA, where we expect to...
Global futures are rebounding on Monday after a bearish close on Friday, and the worst week for markets since October. The SPY is catching a strong bounce off the 50 day MA, and is working its way toward the 21 day EMA at 376.80 as we approach the open. I expect to see strong resistance here, and a continuation of the downtrend from last week, toward the 50 day MA...
Global futures are tanking again on Friday morning, with the US majors down around 0.8% pre-market. We're seeing a sea of red across Europe and Asia as well, with the DAX, CAC40, FTSE100, and Hang Seng all down around 1.5%. Vix is catching a strong bid this morning, and is back at a 33 handle and up around 12% pre-market. The short squeeze bonanza continues this...
No follow through after yesterday's big candle w/ 36 holding as resistance. Potential path if $ES_F can hold 3800 and move higher $TVIX $UVXY $SVXY $VXX $VX_F $SPX $SPY $QQQ #Trading #Stocks #Volatility 💥