Well VIX watchers...the week ending November 2nd, 2018. The Cboe VIX has dropped 20% from weeks high on Tuesday and a near bottom buyers market. Based on Fibonacci retracement we're below 0.500 retracement nearing 0.618. When we hit 0.786 retracement next week, or below 15 we'll start to see some sell offs taking profits. We've tested the low, but is...
Above the 40 (November 1, 2018) – An Extended Oversold Period Ends with Important Footnotes November 1, 2018 by Dr. Duru AT40 = 21.4% of stocks are trading above their respective 40-day moving averages (DMAs) – ends an 11-day oversold period that followed a 4-day oversold period AT200 = 32.0% of stocks are trading above their respective 200DMAs VIX =...
I think we may have seen the bottom in $SPY, judging by the action in the last couple days. The market had reached the peak of a weekly signal, and after time ran out for the projected advance started a steep correction until now. Sentiment has peaked apparently, and we could be seeing a turn around in bonds, oil, and $VIX. Keep in mind we might be consolidating,...
Stop below support. Easy r/r trade.
The CBOE’ VOLATILITY INDEX’ (VIX’) has been doing good numbers increasing over 150% in the past two weeks. The index is now retracing but additional bullish action is expected according to what I am seeing coming from the charts. CBOE VOLATILITY INDEX’ (VIX’) Analysis by Alan Masters Before increasing by 150%+, the VIX’ touched a low point, which is...
The CBOE VOLATILITY INDEX’ (VIX’) has been doing good numbers increasing over 150% in the past two weeks. The index is now retracing but additional bullish action is expected according to what I am seeing coming from the charts. CBOE VOLATILITY INDEX’ (VIX’) Analysis by Alan Masters Before increasing by 150%+, the VIX’ touched a low point, which is the...
BITFINEX:BTCUSD chart pattern has been nearly identical chart to the COINBASE:BTCUSD this year
Hello and hope you all had a fantastic weekend? Getting ready for the new week? DOW JONES, S&P 500 and NASDAQ 100 INDICIES Lots of volatility last week, we had a lot of selling early last week and the selling day on Wednesday causing the rally on Thursday while on Friday we referred to as the end of the bearish move though no guarantees but we have reached our...
When I was younger, there was a saying "don't be a momo." It was essentially slang pejorative for don't be silly, dumb, stupid etc. Over the recent sell-off, you've definitely not wanted to be a mo-mentum bag holder. Whether it's FB, AAPL, GOOGL, NFLX, it's all got smashed, and it's been a cause of concern. Q3-18 earnings from such household names have been good,...
The Options Market's depiction of non-directional volatility next week. Increase from $66 last week to $90 this coming week. I enjoy this week-by-week update, now on Week #3. I think I'll likely continue this series. Hope you all enjoy it as well. Last week's game plan worked well, pinging from value area to value area. One Gravity Point to the next. For what...
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Above the 40 (October 25, 2018) – Breadth Responds Poorly to Latest 1-Day Oversold Rally October 26, 2018 by Dr. Duru AT40 = 12.3% of stocks are trading above their respective 40-day moving averages (DMAs) – 7th day of oversold period following 4-day oversold period (as low as 10.3%) AT200 = 27.8% of stocks are trading above their respective 200DMAs VIX = 24.2...
Nasdaq index downtrend channel has similar look to S&P. so far looks like we are in strong downtrend and no sign of any bottoming yet
UVXY been consolidating in to pennant pattern or it might also look like a bull flag. if this breaks out to the upside, there's more downside coming for the indices. usually VIX tends to breakdown after these major spikes. lets see if this turns in to another pull back or something more serious