Soumens Journal

November 3rd, 2018, 03:28 PM

Okay I am not a chart analyst by far but will try to provide some analysis. Last few days for SP. It took me some time to get the ranges and settings to get it right. Friday was interesting and I tried to highlight how market traded compared to last few days. Good luck.

November 4th, 2018, 10:17 PM

Hong Kong stocks lead Asia lower
https://www.ft.com/content/8c8d5870-e0a2-11e8-a6e5-792428919cee

November 5th, 2018, 02:58 PM

Crude is slightly down so some buy on dip might be good idea. SP has room to go higher.

November 5th, 2018, 10:42 PM

SP 2738 +15
VIX 19.96 +.45

VIX used to go down in an up market and this is the first time I watched it go up in an up market. There is something wrong and makes this instrument less tradeable that others such as SP etc. I mean if they are trying to keep it at 20 or above then checking open interest and comparing it with put vs call might worth checking.

November 6th, 2018, 12:18 PM

I call this bottom for crude oil. I think I should give up on crude if this wont work.

November 7th, 2018, 10:15 PM

I would rather find out how how it does over the long run. I don't see much problem ahead.

Finally VIX got down and probably stay around 15 level.

I just had to throw in Oil as well only chart that is still underperforming.

Good luck.

November 9th, 2018, 05:22 PM

I could not delete the previous post so plz ignore it. I could not track the market last several days due to personal reasons. There could be some problem for SP going forward. If you are in the market going out may be good idea. Here is SP chart:

VIX will move up if SP went down.

November 14th, 2018, 04:59 AM

I don�t deal with currency but judging from lot of people in this forum deals with currency it might be worth considering shorting it since its recent strength against other currencies and that it just may not hold it. Here is a chart:

November 14th, 2018, 10:05 PM

Barrons article: "Oil Has Fallen 25%. Here’s Why It Could Rise"
https://www.barrons.com/articles/oil-has-fallen-25-heres-why-it-could-rise-1542221105?siteid=yhoof2&yptr=yahoo
Despite recent news about CL reaching bottom there could be more downward pressure on CL. There are talks of production cuts but I doubt Saudis will be on board as far as production cuts for Opec is concerned given current political crisis. Besides lot more could happen between now and December. Here is a chart:

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