I will buy VXX below 24
VIX - touched the Bollinger Band - generally a reversal signal - but still on a Buy signal - bad for stocks generally, until it gets below the 50 DMA.
Posted 16 August 2019 - 06:14 AM
I will buy VXX below 24
VIX - touched the Bollinger Band - generally a reversal signal - but still on a Buy signal - bad for stocks generally, until it gets below the 50 DMA.
Posted 16 August 2019 - 06:15 AM
Breadth Oscillator for the S&P 500 - no positive divergence here. The buy signal is when the RSI is above 30. It is at 12.89.
Posted 16 August 2019 - 06:17 AM
What changed my forecast? the ease with which the President changed his tariff narrative and how this can also be done for the entire trade war - that is, do a deal with minor concessions, and kick that can down the road until after Nov 2020.
But, still, the markets will price all that and the go down
S&P 500 - Hold Short is the signal under 2880, tradable markets above - Hold Long over 2900. Positive RSI Divergence negates things today. 2775 to 2880 watch today.
Posted 16 August 2019 - 06:18 AM
Put Call - still extremely Bearish - major support area is 2800 SPX,. When it breaks that point a major sell signal will be in place. Until then we are one China tweet away from a UP move.
Posted 16 August 2019 - 07:44 AM
I warned yesterday that a big gap-up for today. The "market" will try anything possible to make sure that your puts/calls (this time it's puts) expire worthless................
Posted 16 August 2019 - 08:25 AM
Hope you have a great holiday d, gonna miss your great updates!! Agree with you on the market btw, this volatility has been great for trading!!
Posted 16 August 2019 - 07:10 PM
Hope you have a great holiday d, gonna miss your great updates!! Agree with you on the market btw, this volatility has been great for trading!!
Thanks, it was a great week, back at end of August.
Posted 16 August 2019 - 07:11 PM
I warned yesterday that a big gap-up for today. The "market" will try anything possible to make sure that your puts/calls (this time it's puts) expire worthless................
Great call, more upside but not in a striaght line, pullbacks, even sharp ones but it will be generally up into September FED meeting