Entries by Tony

Thanks, FOMC Meeting. Here We Go Again – VIX & SPX Review 11/5/2022

Thanks to the FOMC meeting this week, S&P 500 started declining again. One interesting fact to point out is the VIX is not spiking and VIX9D is slowly but surely dropping, even though the VIX/VIX9D ratio is still very high. VIX Related Indices VIX9D was elevated going into the FOMC meeting on Wednesday. It is […]

The Market Bottom, For Now – VIX & SPX Review 10/23/2022

The market started moving sideways this week, penetrating the secondary downtrend line to the upside rather than following the trendline lower. It seems the market wants to rally but likely will remain in a range between 38.2% and 50% Fibonacci Retracement lines. VIX and VIX9D seem to indicate that people don’t believe the Friday rally […]

Wow, CPI Data Wild Ride! – VIX & SPX Review 10/16/2022

CPI data released on Thursday caused a huge swing down then up in the market. Even though the CPI data was higher than expected, the market initially tanked then made a 180-degree turn and ended the day with green (image below). The 100% Fibonacci Retracement line drawn with the June low has been penetrated multiple […]

Market Near Prior Low, Feels Like Deja Vu – VIX & SPX Review 10/7/2022

The market ended lower just like last Friday indeed makes it feels like deja vu. VIX9D is yet again lower than VIX just like last Friday also. The better-than-expected Job data on Friday was the main cause of the market decline. Core CPI data for September will come out next week so market volatility is […]

September 2022 – Trade With 50K Challenge

In case you missed it last month, this is the second monthly report of the “Can you make a living with a 50K trading account?” challenge. The idea is to see if it is possible to earn enough income by trading options with a 50K account. There will be withdrawals from the account every month to […]

Are We Going Lower? VIX9D Says Unlikely – VIX & SPX Review 10/2/2022

The market consolidated near the June low for a few days then on Friday SPX and NDX penetrated the 100% Fibonacci Retracement line (1st and 2nd graphs below). RUT touched the 100% retracement line earlier in the week but not on Friday (3rd image below). While penetrating the 100% Fibonacci Retracement line is very bearish, […]

Almost Hit The Bottom Again, Now What? – VIX & SPX Review 9/24/2022

The FOMC meeting on Wednesday sent the market tumbling. It kept dropping and almost hit the June low on Friday. The market seems oversold and multiple gaps were formed as it went down. Technically speaking, we will likely see some kind of bounce soon. VIX Related Indices The Percentile Rank (PR) of “VIX / VIX […]

Tricida, Inc. (TCDA) | Options Trade Idea

Tricida, Inc. (TCDA) Overview Tricida, Inc. (TCDA) focuses on developing and commercializing veverimer (TRC101), a non-absorbed orally-administered polymer that has completed Phase III trial to treat metabolic acidosis in patients with chronic kidney disease by binding and removing acid from the gastrointestinal tract. The company has been working in response to the FDA’s Complete Response […]

Hot Inflation, Recession Is Coming – VIX & SPX Review 9/18/2022

CPI data released this week caused a massive drop in the stock market. On top of that, FedEx’s CEO commented about the upcoming recession, which again lowered the market. From technical analysis speaking, the market is so volatile that it is extremely difficult to read it. The fact that a short-term uptrend line and a […]

August 2022 – Trade With 50K Challenge

I decided to start the monthly report again as a part of the “Can you make a living with a 50K trading account?” challenge. The idea is to see if it is possible to earn enough income by trading options with a 50K account. There will be withdrawals from the account every month to supplement […]

Here We Go, The Market Is Up – VIX & SPX Review 9/10/2022

The market this week made no sense from a fundamental standpoint. Federal Reserve Chairman Jerome Powell spoke on Thursday and re-confirmed that the Fed will continue to raise the interest rate and tighten the market, yet unlike last time, the market went up. VIX Related Indices The Percentile Rank (PR) of “VIX / VIX Related […]

Are We There Yet? Did The Market Hit Bottom? – VIX & SPX Review 9/4/2022

The market continued its decline and paused in late Thursday and early Friday morning, then continued its decline on Friday afternoon. One thing I learned is to use the 130 Moving Average (average of 5 days of market data) on a 15-minute chart to see if the breakout was likely to last or not. It […]