Hey guys. My analysis on why VIX had to go green today. Normally, SPX has been trading in a steady trend, not upsetting the VIX and keeping VIX in a steady downtrend, while SPX stays green and VIX stays red. But on the daily VIX timeframe, you can see the gap that needs to be filled under $22.00 - and it will, soon. The next daily candle on VIX, if red,...
This is a joke of a bull run. SPX, VIX and TVIX should not all be setting new local highs together lol. Gonna be a weird week I'm sure. Please have more faith in my yellow channel line than I did, once it breaks that line and holds I'll be upping my position further (strong trend change signal). Until then in holding pattern. Price floating around between...
Note the two days previous.. .massive unloading of TVIX... the hedge against sharp downturns and VIX jumps. Note what's happening now... quietly loading back up on TVIX. Are we getting ready for another pull back in general? The market does seem to have entered the irrational exuberance phase that's for sure.
If VIX breaks its resistance of 26.5, then it looks like a confirmation of a corrective wave. See my S&P 500 idea for more info.
This is why fundamentals don't matter anymore. Can this end well? I think it's time to collect debt and use it to accumulate assets...
Curious why there's a hold-up? It's S&P volatility, once again. It is weird though; don't see much "volatility" at all. What I have seen many times throughout this rally is that VX futures hold back the market from moving, and it is both strange and boring to watch. Seems Fibonacci exists everywhere, especially in the Vix-ish domain. The idea that the cross...
EARNINGS: CHWY (71/85/17.34%)* announces Tuesday after the close. The June 19th 41.5/60 17-delta short strangle pictured here pays 2.55 with break evens wide of the expected move. The similarly delta'd July 17th 39/65 gives you more room to be wrong, but doesn't pay that much more for the wait -- 2.48 at the mid. LULU (36/57/10.01) and PVH (57/85/14.8)...
Due to the high volume of superspreader events, this is a long trade. Forecast another outbreak, exponentially worse than our last outbreak, as well as another lockdown. As 3TUSD was approved by the senate for stimulus relief, it's a safe bet that those in power are preparing for what I dub to be, "The Greater Depression" As always, I am no financial advisor...
VIX: Post-NFP Intraday Range 13:46:41 (UTC) Fri Jun 5, 2020
I've been shit-posting all over about waiting for Friday so looks like tomorrow is the big day! I've clearly been a bit early to the party here but man, all indicators holding strong B) RVI/RSI primed to pop. Love that ADX spike! Market buying edged up (TRIN) but still soft buy zone... zombie bull.
As the name implies, I prefer to keep Hoggish Plays to myself, since they end up paying most of my living expenses. But, there is no need to keep this one to myself, so buy Puts for 6/19 at the money or out the money. Either works. Not going to add much more commentary, since it's a Hoggish Play. GL -Hoggish Pig AMEX:UVXY TVC:VIX