Friday, 22 August 2014

TVIX, UVXY - just another lousy week

With the VIX falling -12.8% across the week, the 2x lev' bullish instruments of TVIX and UVXY saw net weekly declines of -6.6% and -7.5% respectively. Near term outlook is for the VIX to remain subdued as sp' climbs into the 2000s


TVIX, daily



UVXY, daily


Summary

First, an update on the VIX, weekly...


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As for the 2x instruments.. it was the second consecutive weekly decline. TVIX and UVXY have now erased all the gains from the lows in late June.


Outlook into late summer

Best guess remains.. sp'2030/50 in September, before the next opportunity for a multi-week down wave. VIX will likely jump into the high teens in October, but the 20s look difficult.. even if we see a down wave to the low sp'1900s.

On any near term outlook, I have zero interest in being long the VIX until at least late Sept/early October. 

Thursday, 21 August 2014

DRYS - continuing to climb

With the broader US equity market still rising, transports were similarly on the climb. Dry Ships (DRYS) settled higher by a significant 3.7% @ $3.35. The big $4.00 threshold looks viable in September.


DRYS, daily


Summary

Little to add from previous posts.
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Today was the first daily close above the 200 day MA since June. Certainly bodes for further upside for the rest of August, and into September.

If main market can climb into the sp'2030/50 zone in Sept', DRYS could easily see a major surge to the $4 level.

*BDI continues to rise.. and that is certainly helping.

Wednesday, 20 August 2014

DAL, UAL - airlines continue to climb

With the broader market continuing to rise, the airline stocks were especially strong. Delta (DAL) and United (UAL) settled significantly higher, by 2.5% and 3.3% respectively. The outlook remains bullish into September.


DAL, daily


UAL, daily


Summary

Little to add from recent posts.

Both look set to climb higher...with Delta being the more financially sound and stable stock.
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Tuesday, 19 August 2014

AAPL - breaks into the $100s

With US equity indexes continuing to climb, Apple (AAPL) was notably strong, settling +1.4% @ $100.55. Outlook is broadly bullish into September, with viable upside to the $105/110 zone.


AAPL, daily


Summary

Little to add.

AAPL is on the edge of breaking new historic highs... and looks set to climb with the broader market into September.

Monday, 18 August 2014

DAL, UAL - lower oil prices helping the airlines

With the main market seeing significant gains, the airlines were also on the rise. Delta (DAL) and United Continental (UAL), settled higher by 2.5% and 4.0% respectively. Near term outlook is bullish into September.


DAL, daily


UAL, daily


Summary

Suffice to say, airlines are rising with the main market..and with lower oil prices - consistently under the big $100 threshold, there is increasing media (bullish) attention on the sector.
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*Delta (DAL) remains more stable in terms of stock price, and is unquestionably financially superior to United.