(1HR) breakdown?turning for another leg down possibly. rejected by 10ma. $SPY $QQQ $VXX fascinating market times
VXX
#VXX #VIX #SPX #SP500 Head and Shoulders Nearing CompleteI wrote, earlier that We looked like we could be getting a Head and Shoulders on the #VIX #VXX, what that means that volatility was looking to deteriorate, #SPX #SP500 would see a rally. We saw that this past week. Waiting for this break to see IF there is more upside in #SPX.
$UVXY $VIX still an uptrend in volatility productsthese channels on $UVXY have been trending really nicely. shorted some on the break of first channel around 60 and covered last part around 48. bought some December puts last week, which wasn't really smart when i look at the chart now. hoping this will play out in to double top
Another possible Head & ShoulderGood day folks,
Looks like the market wants to go up. Is it going to last? I don’t know, but from what I can see on VXX, the pain is not yet over.
Basically, if this H&S materialize, the market could go higher for the next 2-3 days, then making the right shoulder would bring it lower. Pretty much flat for the next few days until next week, then we could see more movement on either side.
I’m a little bit late imo to trade the head drop in VXX at this time. I prefer to wait and trade the right shoulder both sides.
*Keep in mind that the last H&S in VXX did not sell, so better to wait for clear movement.
Thank you,
"The Great Rotation"-Harsh but a Garden Variety CorrectionLooking back historically at previous corrections throughout the broad market indices. We are looking at a W pattern with Bollinger bands. You can see the previous corrections from Gov't shutdown in 2011, Oil rout of 2015-2016, and now as I call the "Great Rotation". Earnings were going to be the grand escalator to take out new high's in the S&P. Unfortunately, many of the mega-cap stocks were already priced for perfection and anything less than a stellar quarter and amazing guidance was going to lead as a unraveling of many of these heavy weights. It seems that even the retailers have been a bit tepid even though many experts are saying that the US consumer is as strong as its ever been. My case that we are not going into a full bear market, not quite yet at least, interest rates have not softened, Gold has not pick it up (off of a fear trade), and the volatility Index (VXX) has stalled for the 2nd time a the 40 mark, a large technical resistance for the VXX.
Then what turns the market? My theory is that all the economic data that we have been receiving lately and the lack of any threat of major inflation, I feel the Fed will pause in December and kick the can down to Jan-Feb of 2019 to look at raising rates. I think that will be the catalyst to ensure that our markets still have a relatively accommodating Fed. (Check out Jim Grant's CNBC Interview from 11/20/2018).
Take this opportunity do your research and find values in equities that have been oversold and keep your stops tight. Happy Trading & Happy Thanksgiving!
-KG
#VXX #VIX #SPX #SP500 Head and Shoulders?on the VXX we possibly see a Head and Shoulders pattern forming. If this confirms and breaks, then we could see much higher prices in equities. My feeling is that we may stop at the neckline and we resume higher. My thinking behind lower prices in equities stems from late cycle, global growth slowing down and inflation. We may see higher bond yields which would put more pressure on equities.
"Two Corrections" - February and October 2018 "Two Corrections" - February and October 2018
Pattern symetry.
Afterhours volatility at 1AM when few are watching October 25Afterhours volatility at 1AM when few are watching October 25
"The last day of trading for expiring VIX options is the end of regular trading on the day before (typically Tuesday). Expiring VIX futures on the other hand trade in extended hours trading until 7:00 AM ET on the day of expiration (typically Wednesday).Jul 29, 2018"
source: sixfigureinvesting.com
VXX short. one of possibilitiesHead and shoulders pattern and long spx. I'm totally bearish, but it's bull sctnatio for SPX
OPENING: VXX NOV 16TH 30/32 SHORT CALL VERTICAL... for a .66/contract credit.
Going small, defined risk, collecting one-third the width of the spread.
Metrics:
Probability of Profit: 55%
Max Profit: $66/contract
Max Loss/Buying Power Effect: $134/contract
Break Even: 30.66
SPX DOWN , VXX UPSPX can go down to 2700 another 100 points down min, VXX should go up to 36 minimum
Long break outLooks like VXX met resistance then broke up, a daily higher high on monday would be very bullish for VXX $SPY $QQQ $IWM
$VXX what happens next? Recession to Recession$VXX what happens next?
Recession to Recession.
Be careful
Monster VIX rip is coming upPrice moving out of descending triangle (bullish) right into descending wedge (bullish) resistance to perform a throwback retest before the launch up.
Market Timing W/ VIX MomentumSimple chart - using VIX moving average crosses can help you time when to sell in markets quite well. I like using exponential moving averages, and using the 15 day and 45 day works really well historically. In short, if you're bearish, watch when the 15 day EMA of the VIX index crosses higher than the 45 day EMA for your signal to sell.
