US Markets May Rally 60% to 100% On Strong Technical DataI posted a similar video yesterday, but it was taken down because I screwed up the content. So, I'll try to post this video without messing up the content.
The US markets (particularly the NAS100 - as shown in this video) will likely continue to move in a strong bullish price trend - even against the multiple divergences and other technical peak/exhaustion patterns over the next 3 to 4+ years.
Far too many people simply don't understand the dynamics at play right now, with the superheated US economy and the predatory Fed processes creating this parabolic Bullish price move.
Be prepared. Many people will be picking tops for the next 3~4+ years, and you are going to hear a lot of FEAR in their voices. You must attempt to understand the true market dynamics at play and stay away from group-think.
Hope you enjoy this video.
Superbull
TRADE IDEA: VXX -16P/+18P/+18C/-20C SUPER BULLI'm not hugely fond of going long volatility, particularly in an instrument that gets routinely battered by contango and/or beta erosion.
With VIX closing in on its 2019 low, however, it may be time to consider one.
Pictured here is a VXX "Super Bull" made up of a 16/18 short put vertical and a 18/20 long call vertical. As of Friday close, it pays a small .11 credit, has a 2.11 max profit, a 1.89 max loss, and a break even of 17.89 versus 18.87 spot, with max profit assuming a finish above 20.
You can also go smaller -- the 17/18/18/19 pays .07, has a max profit of 1.07, a max loss of .93, and a break even of 17.93.
Look to manage aggressively starting at 25% max ... .
EOSBTC: When moon?Now, that I have your attention.
When this breaks down:
EOS will dip then possibly moon. I am quite literal here because I believe that if BTC dips below 3800 it will keep falling for a bit. EOS being the top gainer recently, along with other altcoins, will be seen as a speculative valuable investment asset that has the best gain potential out there. Out of greed, many investors will take this chance and the price will start to fly... I would give it a few days. This may be a bubble, but it is undoubtedly parabolic. (Entertainment Only) (DYOR)
Isaac Newton be damned, what goes down must come up with AppleIphone, Iphone, Iphone. <---Some good points of the Apple stock...What seems like a good time to sell is just a better time to buy. If this stock is an animal spirit, it is a squirrel. Super American, Sleek, and ready to duke it out over the nuts. IDK if that even makes sense...but APPL is a pretty sweet company, and would be a good addition to the portfolio at the right price. BUY the dips.
JPM - J.P. Morgan ChaseBanks have sold off here and I believe if the market can start to move again, financials will recover. I structured a Super bull for this trade.
Trade: In chart.
Overall, $.46 credit on the trade.
Current risk: $454
Current R/R: 10.2% ROC (likely to increase if I can capture profits in the call spread.
WITH VIX <15, ROTATE INTO HIGH VOL EARNINGS OR LONG VOL PLAYSWith VIX finishing the week quite a bit below 15, I'm probably going to pass on the 45 DTE index iron condor I ordinarily put on in RUT, SPX, or NDX and look elsewhere for my premium selling plays; this usually means: either (a) look at earnings plays or an exchange traded fund in which volatility is high; (b) do a long volatility play (such as the VIX "Super Bull" shown below); or (c) hand sit.
Unfortunately, no exchange traded fund sticks out that has an implied volatility of >50%, so it looks like NFLX (see Post, below), is the only game in town at this point next week for premium selling.
I may also consider doing another "Super Bull" in VIX options like the one shown below, albeit with slightly different strikes (e.g., 11.5/13.5/14/16) and in a later expiry.
BOUGHT VIX 12.5P/14.5P/15C/17C "SUPER BULL" TO OPEN... for a .25 debit.
The "Super Bull" consists of two parts -- a short put vertical (bullish assumption) for which you received a credit and a long call vertical (also bullish assumption), for which you pay a debit. In this case, I had to pay a little more for the long call vertical than I got in credit for the short put vertical.
The notion here is to either (a) take the short put vert off in profit on an up move and let the other spread "ride"; (b) take the long call vert off in profit on an up move and let the other spread "ride"; or (c) take the whole thing off as a unit in profit on an up move.