Bulls toy VIX was malfunctioning today, first time in quite a while. The Feb VIX future was pushed down by half a point but ES still dropping.
Edited by redfoliage2, 20 January 2017 - 02:44 PM.
Posted 20 January 2017 - 02:39 PM
Bulls toy VIX was malfunctioning today, first time in quite a while. The Feb VIX future was pushed down by half a point but ES still dropping.
Edited by redfoliage2, 20 January 2017 - 02:44 PM.
Posted 20 January 2017 - 03:19 PM
Unless bulls are able to mount a last hour turn around, that is entirely possible as it is the OpEx Friday ..........
Edited by redfoliage2, 20 January 2017 - 03:23 PM.
Posted 20 January 2017 - 04:13 PM
Unless bulls are able to mount a last hour turn around, that is entirely possible as it is the OpEx Friday ..........
Even with the final hour push it's still a gap and crap day. The wind is changing ...........
Posted 20 January 2017 - 07:55 PM
I think it's tough for US stock indices to fall if the global stock markets are strong. VEU (world ex-US) and EEM look decent. I'm not saying everything is rosy and full-speed ahead, but I've seen much worse conditions in the global markets before the US markets go into a significant decline.
EWC and EWA look good. This means the resource sector is on solid footing. China has got a ton of money flowing in due to the resetting of the China credit for 2017.
I think it's difficult to be bearish right now except for a ST correction.
Posted 20 January 2017 - 10:18 PM
Telling you big run for 20k dow coming. Will it make it? not sure doubt it...
Posted 21 January 2017 - 01:20 PM
Well, I dunno about 20K, but I know what it takes to get it...
GS...
Heavily weighted GS was responsible for close to 500 pts in the DJIA runup from the elections
Posted 22 January 2017 - 02:04 PM
I do not think so either Semi,
Actually I think 2075-80 ES will be the top. IF my indicator, and timing models are working I see a rally attempt Monday morning and a failure. I will be positioning short in the first hour... above es 2080 and we run 10 more points But we are building a top IMO looking for an A/B/C down with the first bottom 1/30 +/- 1 around 2250-40 spx then the b to 2068 and the d at 2230 spx ish...
Also looking for a dollar top by tuesday/wendsday. Trump does not want a strong dollar.
Best
Posted 22 January 2017 - 08:52 PM
He's going to get a strong dollar whether he likes it or not...
Posted 22 January 2017 - 11:23 PM
Agreed, Short term top back to 99.60 then launch far higher that most think. Im seeing 105.25 on my cycle/time/price studies
Posted 23 January 2017 - 10:32 AM
Well, I dunno about 20K, but I know what it takes to get it...
GS...
Heavily weighted GS was responsible for close to 500 pts in the DJIA runup from the elections
GS on the verge of a breakdown here... I have 215.00 downside target on it.