The $VIX closed above 50 today which is in the top 1% of historical readings.
What has happened in the past following closes above 50?
S&P 500 gains over the next 1, 2, 3, 4, 5 years every time with above-average returns overall.
$VIX $SPX
https://t.co/l5IYmkeySJ
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$DKNG mixed earnings for Q4. I’d love to see 24 Q1 earnings with the super bowl.
Heard this year was a record breaking betting year on super bowl with 10s of billions wagered.
Happy I took some covered calls to lock in some cash. We will hear the call tomorrow.
Retail traders are all-in again.
Dumb Money Confidence just jumped to the 3rd-highest reading in 25 years.
It was no problem at all in 2021. Other than that, very high Confidence typically precedes modest gains at best until sentiment resets.
@JesseJener @BrettSimba Every time the $VIX index goes near $14 or $13 I buy calls with a far expiration, waiting for a red day when $VIX spikes 5-10% and my calls spike as well.
Looks like a great spot for a bottom, I guess we will see. All depends on $AAPL and FOMC data.
$SPX NHOD here with a perfect retracement to this mornings highs.
If you are a long term investor you have got to LOVE periods like this.
Dollar cost average into these 10% correctional periods.
Be a machine, don’t think about it. Just average and average and average.
Now if you are a daytrader with long bias. Well RIP.
Kthxbye.
Some days you have to try to take a loss using the algo. Today the PA was insane and the last hour was absolutely nuts.
@karmaalgo gave alerts for multiple 100% plays that had no drawback from the start.