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Littleshark
NUGT fighting its way back....now at $27.80....

It it can close at $28, it will be resting on a very firm lateral support line.


Ace's http://schrts.co/KGwKfWhJ NUGT $28.00 horizontal support line ,,, NUGT $28.11 currently ...

Unlabeled LABU chart is in my longer post above ... http://schrts.co/zczxeIES LABU ,,, yesterday a red indecision dogi ,,, today at the moment ,,, a Black Candlestick pin candle as the 2nd candlestick of a possible "3 Candlestick reversal(3CR)" pattern ...
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acestocksplayer
National PMI Manufacturing Report is tomorrow at 10 am...

The Service Sector report comes out on Thursday at 10....

I checked and the September Manufacturing report showed the first contraction this year....economists get concerned about recession when they get back-to-back contraction numbers....

The Chicago PMI is often seen as a precursor to the National number.....

I would be willing to bet the PMI tomorrow will shock some sectors of the markets. 😉
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Enjoy the forum! Thanks, Mike
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PLAY_HRD
VXX has really dropped into the close and after-hours...  if you believe tomorrow will see selling based on the PMI then I'd think after-hours has created a buying opportunity.  
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tja1
PLAY_HRD wrote:
VXX has really dropped into the close and after-hours...  if you believe tomorrow will see selling based on the PMI then I'd think after-hours has created a buying opportunity.  


Yep, bought 2K TVIX at $13.25
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tja1
tja1 wrote:


Yep, bought 2K TVIX at $13.25


PS: I'd remind everyone tomorrow is the Chinese anniversary.  Things are tense in HK from what I have heard. 
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Littleshark
http:// It would take 1,000 years for the average employee to earn what their CEO makes in just one, study says 5:00 pm ET (MarketWatch) ... tell your children to become CEO's is the lesson i guess ?

> UPDATE: Rudy Giuliani subpoenaed by House in Trump impeachment inquiry 4:57 pm ET (MarketWatch) < ...
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PNG
On a daily timeframe Roku has +D re:macd
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acestocksplayer
tja1 wrote:


PS: I'd remind everyone tomorrow is the Chinese anniversary.  Things are tense in HK from what I have heard. 


Guys, I just bought 50 shares of TVIX on a mildy bearish VOSS Signal....plus the nearest open gap on the 30 minutes $VIX chart is to the upside. Also, I added another VXZ call on the weakness...I now own 3 December $20 calls on VXZ. The Chinese celebration (with an ornery Hong Kong) is one event....but I think a potentially bigger event here on the US side is the PMI Manufacturing Report that comes out at 10 am ET....

TVIX 5 minutes chart

[image] 
ALL OPINIONS, IDEAS AND DISCUSSIONS ARE BY ANONYMOUS PEOPLE. NEVER ACCEPT ANY COMMENTARY ON THIS FORUM OR WEBSITE AS INVESTMENT ADVICE. ALWAYS CONSULT A LICENSED BROKER OR REGISTERED INVESTMENT ADVISOR. WE ARE NOT RESPONSIBLE FOR YOUR ACTIONS.   

Enjoy the forum! Thanks, Mike
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acestocksplayer
HERE IS THE 30 MINUTES $VIX CHART....

This is the chart that I often refer to when I mention open gaps to be filled...there are currently TWO open gaps to the upside...a small one just above 17 and a much larger one at 18.8 to 19.5....the nearer gap implies a move of about 30% to the upside....and the higher gap is implying a move of 47%....if those gaps were to be filled on one day (tomorrow) then you could conceivably get a 60% to 95% move higher in TVIX since that ETN moves at 2x the daily move of $VIX....at least in theory!

Imagine that! If TVIX moves up 60% to 95% tomorrow, then an investment at $13.30 (what I paid tonight) could go as high as $21 to $25 a share....that seems incredible...but if one looks back at the history of TVIX, it has had some very big one day moves in the past....one example occurred back on a day in early February 2018 when TVIX moved up from $70 to $154 in a single day...a 120% move in one day!

I am not saying there will be that big of a move tomorrow, but only saying that the set-up might allow that, although my hunch is that it might take a two day move to get a 100 % gain on most spike events....

$VIX daily chart 

[image] 
ALL OPINIONS, IDEAS AND DISCUSSIONS ARE BY ANONYMOUS PEOPLE. NEVER ACCEPT ANY COMMENTARY ON THIS FORUM OR WEBSITE AS INVESTMENT ADVICE. ALWAYS CONSULT A LICENSED BROKER OR REGISTERED INVESTMENT ADVISOR. WE ARE NOT RESPONSIBLE FOR YOUR ACTIONS.   

Enjoy the forum! Thanks, Mike
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acestocksplayer
US ISM MANUFACTURING CHART....PMI

The PMI graph has been in a long descent...and if it gives another reading under 50% tomorrow, then that will be back-to-back negative readings...which most economists would mark as almost a RECESSION....! ÃƒÂ°Ã…¸ËœÂ³ 

CLICK THIS LINK TO VIEW THE CHART. CLICK ON THE DIFFERENT TABS TO SEE THE TREND OF THE GRAPH OVER TIME

Tomorrow at 10 am...this could be a very significant market mover if it comes in negative for the 2nd straight month! ÃƒÂ°Ã…¸ËœÂ«

IMPORTANTLY....I don't believe that the markets are pricing in that possibility....yet the Chicago PMI turned in a very depressing number today and the Chicago number often foreshadows the national PMI report the next day!
ALL OPINIONS, IDEAS AND DISCUSSIONS ARE BY ANONYMOUS PEOPLE. NEVER ACCEPT ANY COMMENTARY ON THIS FORUM OR WEBSITE AS INVESTMENT ADVICE. ALWAYS CONSULT A LICENSED BROKER OR REGISTERED INVESTMENT ADVISOR. WE ARE NOT RESPONSIBLE FOR YOUR ACTIONS.   

Enjoy the forum! Thanks, Mike
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umunver




    China's Renewable Boom Hits The Wall
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