A QUICK EARLY UPDATE June 23
Since I'm shorting it via $Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2X Shares(DRIP.US$ let's look at $SPDR S&P Oil & Gas Exploration & Production ETF(XOP.US$
$VIX Index Futures(JUN4)(VXmain.US$ $CBOE Volatility S&P 500 Index(.VIX.US$ and for those with more risk tolerance $ProShares Ultra VIX Short-Term Futures ETF(UVXY.US$ is a 1.5 bull (vix goes up 2% uvxy goes up 3% but because of how VIX is traded UVXY rarely meets the 1.5 times VIX goal but also sometimes exceeds it)
I am trading this triangle in VIX, it is part of my strategy:
Current - VIX down ⬇️ so Market up ⬆️ and rates down ⬇️ .... Wait iam why did you throw rates in there?
Good question but first Charts:
Current - VIX down ⬇️ so Market up ⬆️ and rates down ⬇️ .... Wait iam why did you throw rates in there?
Good question but first Charts:
The 5 year is what most businesses (like those in the NASDAQ) use as revolving credit. Simply put the 5 year yield goes down businesses borrow, when they borrow they use that money to grow, when they grow their stock goes up.
10 year is what most people with means buy real estate at or invest with (these are personal investments outside the market). Those are both bullish for the Markets especially the Nasdaq or QQQ. Before I get to those how about another asset whose decline is beneficial for Big Tech/QQQ/NASDAQ - the dollar. When the dollar is too high it becomes too expensive for other countries to convert into from their currency so they buy less dollars and dollar denominated items (businesses operating overseas have to raise prices to meet the dollar difference)
Finally haha $E-mini NASDAQ 100 Futures(JUN4)(NQmain.US$ I expect the rally to continue and possibly really breakout today.
$Invesco QQQ Trust(QQQ.US$ for those with a little more risk tolerance $ProShares UltraPro QQQ ETF(TQQQ.US$
It's been a while since I have posted with charts, I keep track from work I just can't post as much (I can respond pretty easily, just not always quickly). well goodnight. And as always -
Good Luck![]()
Good Luck
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Albert Ck : Hi iam, could you talk about fertilisers.? MOS and IPI were very bad…yesterday
will have more room it will fall or the reversal is coming soon? my IPI average is $63
JustSurface : great post
Thelord : Great summary
LuckyPiggie : i think fertiliser big drop was bec of drop in sales revenue albeit profit up . fertiliser goods price high so farmers buy less , thats expected.
this week volume was also very small relatively and divergence also forming. how high will it turn up later , dont know . Market is crazy. Recession fear ... so everyone eat less ?
TinkerB3ll : Do you think UVXY will drop more? I’m down 8% and not sure whether the market will help me to recover.
I’m thinking XOP might recover yes it is interesting not sure how Low can it dip
Jason Jason8 : Do you think uvxy will continue to fall?
I think your vix chart may fall to 25-26 before it can rise.
icezzz : Nq main wi break 12000?
icezzz : Nq main will break 12000?
iamiamOP TinkerB3ll: I believe VIX will go down for a week or two before hitting 35 again
iamiamOP Jason Jason8: 26 is where I have a buy alert
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