Preparing for a Trump win Following Friday and the FBIs decision to re-open the case on Hilary I have decided I am going to assume A Trump win, this is for several reasons: FBI pbs.twimg.com 1) After reading into it, the reopening of the FBI case implies one of three things imo - 1. They have found new significant information that can or will see Hilary...
Preparing for a Trump win Following Friday and the FBIs decision to re-open the case on Hilary I have decided I am going to assume A Trump win, this is for several reasons: FBI pbs.twimg.com 1) After reading into it, the reopening of the FBI case implies one of three things imo - 1. They have found new significant information that can or will see Hilary...
VIX Cup and handle inside of another cup and handle. Hitting 17 resistance, but once that goes it can jump to 18 then 20
I frequently look at VIX pricing relative to /VX futures front month pricing to determine whether "local volatility" (i.e., volatility on time frames less than /VX futures back months) is "overpriced." So, what do VIX, /VX futures, and VIX pricing relative to the futures tell us? VIX was 16.19 at Friday market close vs. /VX Nov futures priced at 16.64; Dec at...
With VIX popping to >15 on Friday, my usual pattern is to rotate out of individual underlyings and into broad market instruments like SPY/SPX, IWM/RUT, etc. VIX ended the day at 16.2, and it could naturally settle back below 15, so I need to be prepp'd for either selling premium in broad index instruments if VIX sticks in there above 15 or playing a few higher...
The VIX, also known as the fear index, is calculated from the price of options, in other words the cost of insurance against shifts in the market. When investors are willing to pay more to protect themselves, it means they are worried about the near future. Currently, and since a few months now, the evolution of VIX can be described on the following two points...
>10% gains within a week when hourly RSI <22, as far back as early 2015 (possibly further).
Went long two days ago...a bit late, but flag pattern on 1hr and negative break on s&p 1hr confirmed yesterday. 1TP @ 20, but if can break 20.5, headed to 26 Negate this with move below 15
4 hour chart for S&P 500 So as promised, here is my take on the S&P 500 and where I see things moving in the next two months. I feel very confident that we have just completed the 4th corrective wave of this 5 wave impulse. As you can see, this 4th wave is shallow and complicated. And the 2nd wave (Brexit) is deep and cleaner. So all that is left is the 5th...
AUDUSD found support at the upper deviation of the recent downtrend's linear regression channel today. This level coincides with the mid point of the recent VIX 75% retracement, or 'smart money buying spree' key level, which happens after VIX spikes by 5 points or more, and the smart money 'buys the dip' in risk assets, making VIX retrace 75% of its recent climb,...
In almost every instance that VXX closed above 20 MA, market sold off and VXX had ~20% gain. Success probability of the trade is really high. Having said that, today's market price action was not in favor of this trade!
Long term support on monthly acting as a magnet will draw s&p500 towards 1900 by Jan 2017 and 1812 eventually. Break below 2100 should confirm this action. Stop loss if new high is made. We may see largest spike in VIX in years.
Yesterday's low volume rally didn't last long and today the S&P500 was rejected again by the 50 days MA line and the the bottom of the broken triangle pattern. What stands between SPX and the 2100 support zone now is the minor support zone near 2140-2150 as I mentioned in my weekly newsletters this Sunday. 2100 coming next? Looks like it.
I'm watching VIX closely here. We might get a buy signal as soon as we hit 17.2. Additionally, there's a time and price target for VIX, that if not met in time, signals a buy opportunity in the S&P500. The signal consists of the following: If 18.5 isn't hit by Friday or sooner we will get a bullish signal as soon as VIX makes a new daily low after Friday's...