VXX automatically loses value over time. Shorting VXX in complacent market has a good risk-reward!
I had published an idea while ago and now after I revisited the IHS target I realized I have to correct it.
I thin $2400 is a great psychological level as well!
VXX is acting strong today. However, market has animal spirit right now and it pays you if you short Vol than going it long.
Short VXX as soon as it hits 20MA!
Stop is close above 50MA!
IWM is finally broke out and heading to $141!
IWM has been consolidating for quite sometime. It is ready for higher prices!
IWM is ready for another leg higher and it will take out many shorts during the charge!
IWM held $134.80 level and showed strong support.
There is another leg up in coming weeks!
IWM is consolidating in a triangle and formed a bull flag!
$134.50 is a support to hold in this trade!
IWM is ready to pop again with textbook Cup and handle pattern!
VXX is severely oversold. There is a good chance for a bounce in the new year as people start taking profits!
Gold miners are in no man land! $20.14 level held for while and now it is broken!
Bounce to that level is a great shorting opportunity!
IWM is strong mover in this market and taking the charge today as well!
There is a good chance we see volatile move. Quick scalp trade with gap fill hit would be a great one!
IWM is ripping out.
The inverse head and shoulders has formed in weekly chart and broke out of neckline.
Target on RUT is 1438.
IWM show huge strength. Do not get in the way of Russell!
Russell 2000 had a huge run. Yet it seems to have one more leg up!
This is a strange period! Rates are gone up 50 bps which translates into 2 rate hikes and the markets rallied instead of selling off! Nothing here makes sense!
And this pattern would be a cherry on the top of icing!
There is an IHS pattern in SPY. It coincide with Dennis Gartman becoming bearish!
(He is the best contrarian indicator so far in 2016!)