TSLA bulls are still struggling to recapture the 200DMA (605), similar to Bitcoin PA. We have support around 550 with heavy MA resistance overhead, and headlines in the MSM about weak China sales, which apparently fell 8.6% month over month. It's not looking good for Elon Musk right now...
AMC breakout again here on the hourly time frame. We were up over 20% on the day shortly after the open, and have since cooled notably. These are some of the craziest flows I've seen in a while. This is pure gambling and the company is loving every minute of it. Mean while, insiders are dumping their holdings and taking advantage of the elevated valuations. Smart...
US Futures traded relatively flat on Monday morning with the S&P up 0.01% to 4,228.75 (sitting just below the ATH), the Dow up 0.14% to 34,790, the Nasdaq down 0.10% to 13,753, and the Russell down 0.01% to 2,286.40 as of 8AM. The US10Y yield fell back to 1.58%, while the dollar (DXY) traded flat at 90.12. We saw another mini flash crash in Vix this morning...
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I am still long oil. Mixed messages - but I don't have a sell signal, and I don't have indication of a market sell off as indicated by my crash monitor. There are offsetting data: inventory builds OPEC output volume increases Re-opening economies (impact from general wage growth) Potential upside from the US infrastructure Bill Increased in gasoline prices ...
Global futures are experiencing some weakness this morning after yesterday's rollercoaster ride saw us rise persistently in the morning session, only to be hammered from noon until around 2PM, to then be panic bid into the close once again. The Dow is trading down -0.51% to 34,412, the S&P is down -0.62% to 4,180.38, the Nasdaq is down -0.88% to 13,553, and the...
Stock Market Commentary A meme rush pushed the stock market toward summer trading. A breakout for market breadth launched summer trading. Small cap stocks appeared to lead the way even as the S&P 500 and the NASDAQ wilted for the close of trading. The divergence still leaves the stock market poised for an eventual rendezvous with overbought trading...
Trade for UVXY: - Long Jul 9 Straddle (32/32) for 10.85 net debit. - Speculative (S3) Trade. Ranges: GLHF - DPT
Idea for VIX: - May 26 Super Blood Moon. - Powerful gravity on the VIX. - Pennant forming on confluence. GLHF - DPT
Idea for Macro: - Inflation? Deflation? Both exist. - The bottom line is that there is deflation in demand. The price of Oil/CPI is on a clear decline. - The Fed and Central Banks do not control economic inflation and deflation, only asset inflation. - Inflation exists in assets, as made clear by the parabolic prices of nearly every asset class. - The USA is...
Idea for UFO, stocks and indices: And there shall be upon every high mountain, and upon every high hill, rivers and streams of waters in the day of the great slaughter, when the towers fall. UFO PT: $11 BTC PT: $6k SPY PT: $60 UVXY PT: $1100 FEDFUNDS PT: 60 GLHF - DPT
1. Indicator Note: Just waiting for my Market Crash Indicator indicate a high probability crash scenario before I start to exit longs and swing trade to the down side. 2. Discussion Currently, the US market has been supported by fiscal support, as means of aiding recovery from COVID-19. Several States now withdrawing Federal support! As a side note: if $300...
Waiting for the signal to spike trade. There's no FOMO with roll premium, but once a signal is generated a high probability volatility trade to the long side is identified. No FOMO - just discipline here.
Short term, Elliott is saying something else.
Analysis on #US30 Hello friends. Here we have the market forming a harmonic Gartley pattern that might complete soon, the thing is I do not want to sell at the D completion as I know this market usually extends further than D leg completion. looking at the VIX guys, I think one should either buy a put option here or short the market, I would rather buy a put...
Hey guys, I hope everyone had a nice relaxing weekend. After a freakish drift higher on the US majors yesterday toward the ATH's, and off the back of a week straight of buy-backs, QE, and dip buying, the SPY is back at the lower band of the ascending green channel (resistance) around 420. Of course, we can't not mention the FED members parading around every day,...
Idea for VIX: - The Short Volatility Bubble will pop. - Transmutation of Risk cannot make Volatility disappear, only hide it. - There is an estimated $2+ trillion global short stock market volatility bubble. - Explicit Short Vol: $60 bn (pension overwriting, VIX, vol selling funds) - Implicit Short Vol: $1.4 tn (Risk Parity, Var Control, Risk Premia, CTAs) -...