Hello traders, Description of the analysis: Currently there is considerable nervousness on the markets. The VIX index is at upper values of about 23 points, which is the area of resistance. In the analysis, I highlighted important support for a possible turnaround reaction. However, it will depend on how traders take the sentiment setting after the beginning of...
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3337.5 ended up being exact fib level, but stimulus from #PBOC prevented big drop end of Jan. Attempt #2 looks set to begin
Don't expect markets to crash before Summer. Sell in May?
EARNINGS: The earnings that are best metrically for earnings-related volatility contraction plays are DISH (87/59), TECK (87/52), and DBX (82/57). Unfortunately, strike availability in DISH is limited to two-and-a-half wides, making it an unattractive play given its stock price (39.97 as of Friday close). Pictured here is a DBX (82/57) skinny short strangle in...
VIX fighting to stay above 50 MA. A bounce above and short term short on the index. Below and Volatility crumbles. $SPY $SPX $VIX
Also watch VIX for clues here. A decent drop could provide a nice entry. This will continue until the election IMO.
VIX might bounce here if not stay long n strong on the Index.
Confluence of resistance here. Worth watching to see if straight-line DCB continues and #PBOC liquidity pumps remain effective
A week in the financial markets was held in the chronicles of the coronavirus. The epidemic is still under development. The number of deaths exceeded 700, and the number of deaths approached 40,000. A number of quarantined cities in China, many plants are idle, are already starting to disrupt the functioning of the global economy: some companies outside of China...
EARNINGS: ROKU (64/83) announces earnings on the 13th (Thursday) after market close and looks to be the best play out of earnings announcements occurring next week from a volatility contraction standpoint. Pictured here is a fairly straightforward short strangle camped out around the 17 delta in the March cycle, paying 5.62 on buying power effect of around 12.50...
Suggests several new $SPX ATH's before any major correction could occur.
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Fell to support and held. Expecting a spike up very soon. Good luck!
AMEX:VXX , derivative on CBOE:VIX index suggests that we are in good spot to buy some protection. Market participants are very optimistic in recent days, but coronavirus risks still unresolved. In fact, data from China continues to be rather worrying. If we to start another leg lower in equities, today is a good day for it.
Tuesday was another recovery day in the financial markets. In general, all this is rather strange and illogical. Markets first fall on the news of coronavirus and the epidemic. Logically and explainable, we will not go into details, and once again build logical chains of consequences. We did this in previous reviews. But upon the receipt of news that the epidemic...
Consolidation may be required before higher