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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (169557)	3/16/2021 4:30:19 PM
From: sense	Respond to of 218863

"The gym"... LOL!!!

To: TobagoJack who wrote (169557)	3/16/2021 5:41:28 PM
From: sense	Read Replies (2) \| Respond to of 218863

Watching indexes... The VIX closed below my $20 floor... which is curious and worthy of attention... not just as a violation of the prior pattern. More as the options trade has moved the other way... Put March 17 $20 down 2%, not up, with the 19 down 33%, versus the 21 and 22 up 10%.. although the March 24 are up all the way to the 18, up 40%? And that with a big spike in the UVXY at the end of the day... 77 mil in vol. The differences in trading between the index and the "leveraged" index ETF... continue to provide interesting information. Still expecting the VIX has change coming... soon... and still expect the best value to look for now will be in trading against the bias off the next peak... but violating the 20 makes timing a bit more murky... so, waiting for it... rather than making any calls (in both meanings) now. I do not take it as a given that the VIX goes up tomorrow. But the upside bias in the market that enabled leverage in the call (ie, the put) made on the drift down to the 20 ... is more obvious than ever... even as the expectations of the bitcoin traders have failed to materialize in a flow of non-digital stimulus money directed in to provide support for team bitcoin. Having been to the grocery store yesterday... the evidence of inflation spiking "a bit more than official numbers suggest" is probably not lost on the recipients... which may greatly dampen hopes that flows of cash will be gladly converted into anything less consumable. Evidence of spiking inflation not withstanding... shopping for Puts GDX April 1st-ish $30... noting it isn't just market crashes that prove gold and silver are assets just like other assets... that depend on flows of investment dollars to sustain the demand that sustains the price... For now, still keeping the focus in PMs short term... waiting for it... maybe tomorrow for the puts ? The QQQ broke above the center bolly / 20MA and spent much of the day above the 50MA...but at the close painted another perfectly indecisive candle at $320.58... with the 50 MA at $320.67. Surely just coincidence. The "toothiness" of the trade is notable. Usually smooth slopes up, spikes on the way down... now toothy on the way up too. The morning trade was a rounded rise into a rounded decline into noon... three cycles in the day... lower highs and down in each... accelerating lower at the close. The Dow has been making a rounded rise since March 4... probably peaked at the open today... volume tapered in the day... made a lower high at 3:30... and the volume accelerated into the close on a decline... Lower tomorrow ? But, indecisively, still ? I'll try make decisions on trades early tomorrow... Think I had a very successful day today by managing to do nothing but just sit on my hands... often the hardest part...