Category Archives: Uncategorized

Apple Chart – Watch For Another Doji Cluster

Tweeted this out earlier today: On January-23, just before Apple shares began their 12% decline, we saw this pattern on the daily chart and warned of the potential for a deep pullback. Apple is back in the $180 area, watch out for dojis. So, the sell-off on Wednesday contributed to the formation of another high… Read More »

The Perfect Bitcoin Strategy

How do you aribitrage Bicoin? Good question. Check out the answer by Stefan Qin, Virgil Capital founder, on CNBC’s “Fast Money” program. One hedge fund manager has found a way to make money on bitcoin, whether it goes up or down from CNBC.

Bitcoin – Watch These Key Fibonacci Levels

Bitcoin retraced back up to the 38% Fibonacci retracement level of its all-time high and February low. This Fibonacci level intersected with the downtrend line drawn off the December 2017 and January 2018 highs, presenting reinforced resistance. At this point, just as it did in January, a bearish eveningstar reversal pattern formed on the daily… Read More »

Short-Volatility ETF Plunges Over 60% In After-Hours Trade

Today from MarketWatch: Shares of a popular exchange-traded fund designed to bet against volatility plunged in after-hours trading on Monday. The VelocityShares Daily Inverse VIX Short Term ETN XIV, -14.32% lost 62%, after getting crushed 14% in the regular session. Meanwhile, an exchange-traded fund designed to bet on volatility surged after-hours, as the Barclays Bank… Read More »

Intel Fills The First Of Two Downside Gaps

The 3% decline in Intel (INTC) on Friday down to $46.10 level, closed the most recent gap on the daily chart. But shares of Intel (INTC) had been fading even before Friday’s sharp pullback. While the 50 day moving average is just about a buck lower and it could supply some near term support, the… Read More »

Volatility Makes a Surprise Appearance

I wouldn’t say volatility is back but it made an appearance this week. The Volatility Index ($VIX) was up 56% this week and the iPath S&P 500 VIX Short-Term Futures ETN (VXX) was up 19%, its biggest percentage move since August last year. The volatility spike in the VXX this time was preceded by two… Read More »