As many of you know, Woody Dorsey (my partner) has been advising some of the largest financial institutions in the world for over 40 years. I had a conversation with him today and he said he is seeing a very similar pattern that took place during the 1987 crash, which he predicted 3 weeks in advance. That call pretty much set in a class of his own on wall street...
AMRS has a lot going on, one could make a case for several patterns, but on earnings, it helps to scope out and look for the plays that can post big moves. This leads to profitable options trading opportunities. I usually take my own advice and straddle when I find the big movers, but when you pioneer a pattern called the slingshot you hammer calls, slam beers,...
From the last decade of Fed VIX manipulation and despite the plunge protection team's band-aids, the Vix spikes are unstoppable and will continue to provide amply opportunity to trade the corrections.
An identical pattern has been spotted on TVIX. This includes an initial hyper top above the 1D MA200 with a subsequent collapse below both the MA200 and MA50. A quick break above the MA50 again only comes as confirmation of the final bearish stage, the part we are at currently. Our target is 13.50. ** If you like our free content follow our profile...
This long term weekly chart compares the relationship between: 1) economic fundamentals 2) fears of falling equity prices 3) expected default rates in credit markets The top half of the chart overlays the long term correlation between the VIX (in orange) to speculative corporate bond yields (blue). The bottom half of this chart shows the Fed's National...
Long SPX500 @ 2,800; TP @ 2,900, SL your choice
The Volatility Index is currently pulling back on 1D turning neutral again (RSI = 51.020, Highs/Lows = 0.0000) with MACD still bullish (0.780) but decelerating as it approaching the 1D MA50. Based on a similar pattern in 2018, the index should break below and consolidate for the next 2 months restoring stability back on the markets. ** If you like our free...
I'll be longing the Vix soon. Target above 50 s
Taking a long here for friday.
Morning Notes 05/29/19 Gary Trading Environment-Short Term: Current Environment-Bearish Hi Everyone, Would you like to learn how Woody manages the markets using trader psychology and all of his other methods from his book-in a simple to read PDF? Register for free ebook below Futures are under some selling pressure this morning and I had a good...
The ProShares Ultra VIX Short-Term Futures ETF is approaching the April bottom and the symmetrical Lower Low on the 1M Falling Wedge. Being oversold (RSI = 6.651, MACD = -1698.076) a strong cyclical rebound is expected on a very structured and recurring candle pattern. We are on a long term buy on UVXY with TP = 75.00. ** If you like our free content follow...
$VXX, $VIX, $TVIX, etc all consolidating above 20/50 dma + 55ema. Very similar pattern to prior 200dma test and breakout patterns. Short if 200dma fails. If we breakout, sell before the 200dma backtest, and enter once it finds support there.