Audacity618

Audacity618

Riding high on some weak economic news / low oil. Would like to see this pullback under $127. - Bear spread or TMV

Audacity618

Good move over the pitchfork median. Confirmation breakout today.

Audacity618

I'm definitely more dovish than hawkish after last few months, but this looks like a cool down area for treasuries from previous price action.

Audacity618

Simply: 1) OPEC isn't cutting enough. 2) Despite robust demand, still too much supply. $USO $UWT $DWT

Audacity618

VIX SP500 end of day reading hasn't been this low in over 10 years. And it really doesn't get much lower than this.

Audacity618

Last time VIX dropped this much in a single day % was in August 2011. Drops have appeared in beginning of volatility clusters (blue). $VXX $UVXY $SVXY

Audacity618

~$40 bullish move from Nov to April. $QQQ $SPY

Audacity618

Short cover volume is providing temporary floor with weekly divergence in drops. -68% down from 2014 highs (Fibonacci).

Audacity618 Updated 

IPO's I find tricky with little trading history and lack of strong sentiment. I have found PSar to be decent sometimes in the first month of trading. Low beta movement as you would expect with an IPO.

Audacity618

strong accumulation -- buyout rumors. Follow the trend.

Audacity618

BABA is in a bullish push here with little beta movement. Possible move to $120 (ATH) and $125 (1.618 extension). Volatility squeeze coming out of a month-long ascending triangle.

Audacity618

Treasuries could make some gains as tax relief or doubts in timing of fiscal stimulus could send capital to "safety". Fed seems to be cautious on raising rates too fast.

Audacity618

$SPY $SPX

Audacity618

- After semi-hawkish Fed comments last week. Current probability for June rate hike stands at 72% to 28% (No-hike vs hike) derived from fed funds futures. Sell the breakdown.

Audacity618

Pitchfork works well here with similar ~$245 bull move from before. MACD is also bearish here. Any weakness in the market is pulling this momo back fast IMO.

Audacity618

Retail sell off after a series of sub-par earning reports provides short term relief trade based on prior support and depressed RSI.

Audacity618

Looking for an exhaustive move to short above $51 back lower to $46 target.

Audacity618

See text.