Assisting $NQ_F a bit today. Hit 300% fib extension in what remains an epic short squeeze. Safest to wait for parabola break to try short
We are either in a corrective WXY as originilly posted of we are starting a new trend down as part of a 1-2-3-4-5 swing set up. Keeping both of these scenarios in mind the new trading week starts. P.S the PTP Trend Strategy on the 15 min time frame has been on fire lately.
EARNINGS: TWTR (66/54) announces earnings on Thursday before market open, so look to put on a play in the waning hours of Wednesday's New York session to take advantage of post-announcement volatility crush. Pictured here is a 16 delta short strangle in the March cycle with -2.88/2.95 delta/theta metrics and break evens wide of the expected move paying...
Rare to see a shooting star at upper bolli with divergence in play ... only 3 in the past 25 years 👀
I count five waves, although they aren't the most symmetrical. I can't get a handle on in the pink zone but whatever. Impulsive selling has been taking place. Wouldn't be surprised to see hopeful things in the news and then the virus spreading somewhere else majorly to start taking markets down more... I might wait for that golden (0.65-0.618fib) pocket, and then...
Losing 200dma support would have big implications
So far it all screams corrective to me. Lower first then higher high afterward is my baseline.
$SPX will keep riding this bullish momentum longer than people expect, before a violent correction later this year. You're welcome.
if the market sell off continue, VIX could continue to spike up but up to a certain point. markets ought to recover and volatility to taper off once the virus episode blows over. rather than go long the market which could still be choppy, a way to go long is to short VIX. based on regression analysis, VIX is likely not go beyond 22
With the WHO (World Health organization setting up potential global emergency) The Fear world might be growing exponentially
Despite the fact that the coronavirus epidemic is in full swing (the number of deaths has already exceeded one hundred, and the number of infected has approached 5000), investors sighed with relief. The Fear Index (VIX) crashed 15%, safe-haven assets were down, and stock markets and oil were up. Since we still do not see reasons for optimism, our recommendations...
3337.50 (261.8% fib) clipped exactly on 1/22/2020. Possible fakeout following FOMC tomorrow with real move starting Friday and / or next week
I follow a CFA from Charles Schwab, who uses this signal to establish negative or positive sentiment. To notice how it worked in the past, I have added the S&P500 trend line. The idea is as follows: When the upper Bollinger Band (with a 50 period and 1 standard deviation) on the $VIX turns higher, that is a bearish sign, and when it turns lower, the SPY tends...
Looking for buying opportunity on this coming pull back.
The coronavirus epidemic is gaining momentum. At least, according to statistics. The number of deaths is already close to 100, and the number of cases is close to 3,000. China is forced to react harder. The magnitude of the effects on the economy is growing exponentially. Lunar New Year celebrations are extended for at least 3 more days. Actually, more than one...
We are in the 57th week after a strong rally starts at S&P 500: In these 57 weeks, the S&P 500 index gained about 30.6%. Major commodities other than Natural Gas have taken their share from this value gain. We observe that Japanese Yen positions are starting to increase. There is very little position increase in Euro, we would like to see more. Iron ore...
EARNINGS: Here are the stocks that announce earnings this week that are of most interest to me from a volatility contraction play standpoint: AAPL (85/35), Tuesday, After Market Close. EBAY (82/34), Tuesday, After Market Close. AMD (56/59), Tuesday, After Market Close. TSLA (80/75), Wednesday, After Market Close. FB (54/33), Wednesday, After Market Close. X...
EARNINGS: NFLX (46/41) (Tuesday After Market Close). The metrics aren't ideal here, with the rank below 70%, the 30-day below 50% and the at-the-money short straddle paying less than 10% of the value of the underlying in the February cycle, but this is the best of the bunch announcing next week in terms of both liquidity and implied volatility. Pictured here...