See below attached SPX vs VIX.
Buy signal triggered on Daily. RSI divergence is bullish. RSI still at 30 ( oversold). Fisher Transform shows trend flipped bullish (need to watch to make sure trend stays bullish). Gaps to fill above price and past 10WeekMA. If price goes above red zigzag, then I believe we fill top gaps to $20. SPY is showing a Sell signal on the Daily. I will update chart...
EARNINGS: Earnings are light in the coming week, with ULTA (90/47) being the best candidate metrically for a earnings-related volatility contraction play, although its liquidity isn't great. Pictured here is a 205/210/265/270 iron condor in the January cycle that is paying 2.06 at the mid (1.03 at 50% max). Markets, however, are showing wide here. SINGLE NAME...
Still respecting the descending channel Am 50/50 on this one whats your take?
Note - When dealing with VIXY and other VIX derivatives, keep in mind these are "volatility" plays. This means using risk management, stop losses, and price alerts IS A MUST. VIXY and VIX related derivatives look to have some excellent short-term and long-term potential. This also confirms for me the SPY downturn coming. In the past, VIXY has closed all gaps...
The VIX is a volatility index based on the S&P 500. It has recently hit lows and is nearing the all-time low. The last few times it hit this low around 12 or so it rebounded up to 22-24. That doesn't mean that just because we hit that level we will rebound up to the highs and the S&P 500 drop. After a few rotations, we do see a pop and last time that pop brought...
Black swans did not fly by, and there were no important macroeconomic statistics or news injections either on the financial markets. In general, the lull that has lately reigned in the financial markets is lingering and the silence begins to become painful. Usually, it all ends with a storm. But a storm needs a trigger. For example, Trump’s next demarche and the...
Why I think the markets will pull back shortly: - The black lines in the volume chart showing declining volume on runs throughout the year. Pretty low relative volume currently on this latest run to new highs - Extended above the moving averages, It certainly looks like it will come back to the major moving averages - RSI is very high (although it can stay pegged...
This is a continuation of a trade I started in July as a VIX "Term Structure" trade with a current scratch of 1.93/contract and a break even of 17.93. (See Post Below). My original thought process was "the usual" -- look to take profit at 50% max. With the spread currently valued at .65 at the mid, I would ordinarily do that here, but am going to continue to...
VIXY and VIX derivatives are ready to spike. RSI, MACD, Fisher Transform, and Filter Dots all show reversal coming in next 5 business days. There are 4 gaps to fill, indicating a possible 44% positive correction to around $20 for VIXY. The reversal period is short here. I believe it may last until Christmas. Going to green curved line (Gaussian Channel midline)...
One long term view assuming the brexit+china tariff wars + impeachment macro news makes a material effect on markets. VIX appears to be a good buy, and it's been having a tough time breaking that resistance in the box. Might be a good area to sell and short and/or get some spy when it corrects but it may break that trend line in the next 2 attempts and moon for...
Some people wanted another chart for a similar symbol (TVIX vs VIXY). Not everyone can trade same ticker. Not trying to duplicate my last post. So....this is for the hommies LOL RSI getting to all time low - about to turn BULLISH. Same pattern as the VIXY chart - confirmation that we will see VIX increase. Happy Holiday$ :) Bannana pattern ends around...
We see clearly 12 is the value zone for VIX. All our leading indicators such as Copper, RUT, IYT show possible pull back if not correction in stocks. In accordance with recent COT reports we don't see it to be dramatic. Possibly start buying VIX December futures in small portions around 14.
Santa rally when?
EARNINGS: HD (24/21) (Tuesday Before Market) LOW (68/35) (Wednesday Before Market) TGT (66/37) (Wednesday Before Market) GPS (60/53) (Thursday After Market) M (97/67) (Thursday Before Market) Pictured here is an M short straddle at the 17 strike in the December cycle, paying 2.73 with 14/72/19.73 break evens, and delta/theta metrics of -4.49/3.77. Look to put...
markets inhale/exhale and we're now peaked on these price cycles with a potentially large exhale coming. time is not a factor in this cycle analysis using renko; this is strictly based on the price cycles
Santa rally or Grinch coming to town? Neutral atm we'll see what VIX tells us...$spx $spy $vix $qqq $dia