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Still trading like a Bull Market, BUT...


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#1 OEXCHAOS

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    Mark S. Young

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Posted 24 May 2023 - 04:04 PM

The VIX is in an up trend. I view this as a "smart money" indicator, which implies some potential trouble tomorrow. On the flip side, the price action today was pretty good late.

My guess is that they gap it up a bit, then drop it. Some pressure has to be brought to bare to get a debt deal done and a flurry of selling seems likely to be part of the theater.

 

 


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#2 pdx5

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    I want return OF my money more than return ON my money

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Posted 24 May 2023 - 07:10 PM

The national debt will require nearly $600 billion interest in fiscal year 2023. Soon the interest payments will be bigger than defense spending and the biggest item in budget. Especially because the inflation is not going to disappear by magic. The national debt is now far bigger than GDP. This country has reached a point of no return in ability to pay interest on debt.  This is my view of the LONG-TERM situation What happens tomorrow or next week or next month in the markets, I have no clue.  The longer-term view is however becoming clearer because there is no will in DC to tighten belts.


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#3 dTraderB

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Posted 25 May 2023 - 11:44 AM

Great call, Mark!

I think they will keep it down until near 3pm. They could be buying already.

The VIX is in an up trend. I view this as a "smart money" indicator, which implies some potential trouble tomorrow. On the flip side, the price action today was pretty good late.

My guess is that they gap it up a bit, then drop it. Some pressure has to be brought to bare to get a debt deal done and a flurry of selling seems likely to be part of the theater.
 
 



#4 OEXCHAOS

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Posted 25 May 2023 - 02:44 PM

VIX still in a strong up trend, even as it's down today.

 

Interesting trading.

I might add that the VIX P/C was pretty high, which is a Buy signal for today.


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#5 dTraderB

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Posted 26 May 2023 - 06:56 AM

AI frenzy reminds me of DOT COM era

 

Early days yet for AI but so far it is almost similar ... just saying your company & AI in one sentence will do it, 

jas as DOT COM and B2B etc did then



#6 da_cheif

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Posted 26 May 2023 - 04:17 PM

The VIX is in an up trend. I view this as a "smart money" indicator, which implies some potential trouble tomorrow. On the flip side, the price action today was pretty good late.

My guess is that they gap it up a bit, then drop it. Some pressure has to be brought to bare to get a debt deal done and a flurry of selling seems likely to be part of the theater.

 

 

next 2000 pts piece of cake



#7 SteveB

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Posted 26 May 2023 - 06:45 PM

U mean 2000 points on the VIX? If so I agree!