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

To: TobagoJack who wrote (170871)	4/22/2021 8:43:00 PM
From: sense	Read Replies (2) \| Respond to of 217591

A bumpy ride for some today... My effort poking at the VIX / UVXY relationships was rewarded today... as I have developed charting tools that, paired with effort made in following the charts, tweaking them, and reading the hints in the tea leaves... seem to work. The effort made had me well prepared... The UVY and VIX chart very differently... the information from tracking an index and the information obtained from investors (and others) behavior showing you more in combination than can be gleaned from a chart of an index only. Changes previously imposed have now been lifted, from April 12, so the constraints on the volatilitiy of volatility... see the chart of VVIX versus the chart of VIX... have meant the VIX and UVXY have come back to life, suddenly, ater a long period of suppression... The UVXY is now easily charted and readily daytradable,again... making quite nice intraday moves again... which, if you are already focused on it, makes it better suited for catching and optimising sudden moves like that which occurred today... in a trade where most of the cost involved is in "waiting for it" while watching charts... Catching a few fish while watching for whales... is pleasant entertainment. UVXY only ran from $4.45 to $5.08 but did it starting from a dead stop beginning with Biden's throwing the lug wrench at the crowd, at 1:00 pm EST... Did it in three legs, up and down... covering a bit more real estate in total than just the $4.50 to $5.00 following the track. It feels very much like fishing... nothing at all happening... then, suddenly, they're biting like crazy... Was a very good day trading practice session today... and came out of it nicely ahead, while handily offsetting a bit of red that began appearing on other charts that I'm happy to not worry about trading so much. Ducked out of the trade at $5.03... within a few pennies and a minute or so before the top... The UVXY doesn't have the leverage that the options have... but my skill set makes it easy to trade... for now, still without other tools in place to make it as easier to trade other things, and react quickly to sudden change, which obiously has to be done in a timely enough fashion... It does not appear to have ended the trade today on a "final note"... so expect "more of the same" tomorrow as a possibility... Will depend on how people digest the news... and what they decide to do about it in the morning... The "crazy taxes" guillotine has been hanging up there since January... people refusing to notice it... hoping it might have rusted into dysfunction. That bubble popped today, at least...