Category Archives: Uncategorized

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 »

How Low Could Apple Stock Price Go? — A Lot Lower

The weekly chart of Apple (AAPL) shows the six year Apple rally has been punctuated with two deep percentage corrections. These have occurred when the 10 week moving average has diverged sharply from the 40 week moving average. That same condition is in place on the chart now and it could be signalling another pullback.… Read More »

Bearish Warning Patterns On The FANG Charts

A group of interesting candle patterns formed on the charts of four of the most interesting stocks in the the technology sector. The price action in the fabled FANG stocks, Facebook (FB), Amazon (AMZN), Netflix (NFLX), and Alphabet (GOOGL), in Wednesday’s session formed candles or multiple candle patterns that reflect, at the least, investor hesitation… Read More »