Jump to content

Notes for the day ( Plus some new exciting tools) 27/05/21


Recommended Posts

Ahoy!

VIX down stonks up .......This is the way 

194461506_Screenshot2021-05-27at14_26_39.thumb.png.848c2d3086540c2de8c378632a71629a.png

The market continues to remain bullish as the reopening continues.  The bearish tilt everyone had 10ish days ago has since evaporated  as we are now closer to all time highs than we were during the correction. I did say bears would get killed in my post here 👇

     Are we due for a correction ? I don't know . What I do know is that the base effects gripping the global economy right now hasn't been observed for a very long time. Seeing that the VIX is now trading lower and could possibly go even lower maybe sub16, It is very important to not get FOMOed into buying or chasing prices higher.  I executed some purchases during the correction last week and I am now looking to collect some profits slowly. Not selling all my shares of course just a little bit ( Remember I had a 30% drawdown in March before building my current tool kits  which are now by the grace of God starting to pay off, hence my decision to collect some profits. ). 

If you recall I was thinking about the Energy Sector earlier in the week. See post down below.  

2122388499_Screenshot2021-05-27at14_50_35.png.78fbd15efaa04361b52f19b8dedf0282.png

 

      This is the refreshed data as of close yesterday. We can see that my spread calculation between 30d Implied Vol and Realised Vol vs the last 30 days has collapsed more than 70% to -2.65%....BUT in the last day or so it's ALOT LOWER and has jumped from -0.39 to -10.89% . This could mean that we maybe getting a good buying opportunity in the immediate to short term as realised volatility is alot higher than what the option market has priced in. Also, the oil volatility OVX time series  is now sitting at a very very low point. When I put these all together, it tells me prices could go lower, but seeing as we are still in a reflationary and recovering economic playhouse, I would be comfortable buying the dip should we get one in the immediate to short term.

337487576_Screenshot2021-05-27at14_45_20.png.8938ddd8c35af5819563845d25669db6.png

 

663367156_Screenshot2021-05-27at15_00_31.png.1ffd02c2ac536f4f05d76e997d21f5d0.png

 

I have developed a 3 month return matrix that I am currently implementing as another tool in my toolkit. It measures the return of an asset vs three months ago and color codes them so that a user can get more insight into the behaviour of the returns of any asset. ( Green = bullish , below = neutral , red = bearish) .  Quite excited to see what insights I can gain whilst using this new tool . 

Check it out below I also did one for Cyrptos .... cuz why not ;-). 

1586926559_Screenshot2021-05-27at14_16_08.thumb.png.83bbf1cd757304825799966eb9d9c8aa.png

 

297943896_Screenshot2021-05-27at14_13_08.png.ff9116b435839c62e3713f1ff6864b8e.png

 

Just like my other tools these refresh every day based on the closing prices of the previous day. 

 

Any who good luck out there guys 

Take care

CA.

 

 

 

 

  • Like 1
Link to comment

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • General Statistics

    • Total Topics
      21,264
    • Total Posts
      90,875
    • Total Members
      41,377
    • Most Online
      7,522
      10/06/21 10:53

    Newest Member
    Adam50
    Joined 06/02/23 08:09
  • Posts

    • Asian equities suffered their worst day in three months overnight, retreating on a broad front as markets reacted to the impressive US NFP reading last week. The huge number of jobs created, and the lowest unemployment level in over half a century poured cold water on the idea that the Fed would pause its hiking efforts, although expectations for the terminal rate only ticked up to 5% from 4.9%. In the UK the FTSE 100 remains close to its new record high, continuing its strong run versus other indices. Oil prices have edged higher after hitting a four-week low on Friday in the wake of the NFP report, but this appears to be a brief respite. A quiet start to the week sees just the Canadian Ivey PMI on the calendar of notable events.  
    • For more up to date news on how markets will open, the latest earnings and economic news, watch IGTV live in the platform at 07:30am UK. Today’s coverage: Indices: Europe expected down today after FT100 record on Friday. Techs biggest decliners on Wall St FX: USD holds recent gains after very strong NFP data on Friday. Traders working out this week’s direction. UK GDP on Friday possibly the big data of the week  Equities: Earnings begin to slow down…this week DIS & UBER the big ones Commods: Gold up after 2 heafty days of declines          
    • Elliott Wave Analysis TradingLounge Daily Chart, 6 February 23, AAVE /U.S.dollar(AAVEUSD) AAVEUSD Elliott Wave Technical Analysis Function: Counter trend Mode: Motive Structure: Impulse Position: Wave ((2)) Direction Next higher Degrees: Wave III of Motive Wave Cancel invalid Level: 50.173 AAVE /U.S.dollar(AAVEUSD)Trading Strategy: AAVE token has recovered well from the 50.40 level and managed to cross the MA200 line, indicating that an uptrend is forming. The Elliottwave structure is in a correction of wave (2) as a short-term decline before the price rises. again AAVE /U.S.dollar(AAVEUSD) Technical Indicators: The price is above the MA200 indicating an uptrend. The wave oscillators above Zero-Line momentum are bullish TradingLounge Analyst: Kittiampon Somboonsod Elliott Wave Analysis TradingLounge 4H Chart, 6 February 23, AAVE /U.S.dollar(AAVEUSD) AAVEUSD Elliott Wave Technical Analysis Function: Counter trend Mode: Motive Structure: Impulse Position: Wave ((2)) Direction Next higher Degrees: Wave III of Motive Wave Cancel invalid Level: 50.173 AAVE /U.S.dollar(AAVEUSD) Trading Strategy: AAVE token has recovered well from the 50.40 level and managed to cross the MA200 line, indicating that an uptrend is forming. The Elliottwave structure is in a correction of wave (2) as a short-term decline before the price rises. again. AAVE /U.S.dollar(AAVEUSD)Technical Indicators: The price is above the MA200, indicating an uptrend. The wave oscillators below Zero-Line Bearish momentum.
×
×
  • Create New...