Comments on: Market Analysis & Trade Ideas 6/21/23

By: rsotc

rsotc — Thu, 22 Jun 2023 14:43:32 +0000

In reply to HermonMunster. The $VIX is calculated from put & call buying on the S&P 500 so basically, the fact the VIX has continued to fall with the S&P 500 currently down for the 4th day in a row is clear evidence of the extreme bullish sentiment & complacency in the market at this time. Personally, I just both a decent chunk of VIX futures as the R/R seems unusually attractive right now.

By: HermonMunster

HermonMunster — Thu, 22 Jun 2023 01:29:43 +0000

@rsotc why isn't the vix rising on down days? I'm a bit confused

By: Dkpdkp

Dkpdkp — Wed, 21 Jun 2023 19:06:54 +0000

Hello Randy-any thoughts on Agri stocks? Most are at or near 52 week lows- so wondering from contrarian point of view? Thanks!

By: Pbathula

Pbathula — Wed, 21 Jun 2023 18:35:47 +0000

they are buying the dip!

By: KevinK

KevinK — Wed, 21 Jun 2023 18:33:13 +0000

Nasdaq up 12 out of the last 14 weeks.
S&P up 10 out of the last 14 weeks.
The S&P’s four down weeks were…4 points, 4 points, 12 points, and 33 points.
In other words, the S&P hasn’t been down 1% in the last 14 weeks,
And it’s not even down 1% so far this week.

By: KevinK

KevinK — Wed, 21 Jun 2023 18:01:58 +0000

Big test coming up….
Down Tuesday & Wednesday this short week.
Will we see the regular 2023 Thursday & Friday “buy the dip and pull the market back to positive for the week” rally, or will we break the pattern ????