NQ VIX (VXN) Giving a Warning 7/20/2020
NQ's VIX (VXN) closed higher today. Usually, if the NQ goes up, then VXN goes down. That's the usual method.
The other reason why a VIX would rise is because there are SO many calls by retail traders at a lightning fast rate. The VXN would recognize this as a buying climax.
The NQ entered into a pre-earnings hype rally. This seems like a good set up for a decent run up then a pullback.
The XLF was set up the opposite way. They were shorted to a major support at 22.50. The expectation for banks was Armageddon. It turns out that it wasn't as bad as expected, so financials rallied.
Here is the question: What would happen to big tech stocks if the expectations are really, really high? Earnings need to be astronomical to be considered a beat. If not, then the big tech may share the same fate as Netflix in post-earnings.
This seems like a very good excuse/cover up for institutions to start selling more tech shares for the distribution cycle.
The other reason why a VIX would rise is because there are SO many calls by retail traders at a lightning fast rate. The VXN would recognize this as a buying climax.
The NQ entered into a pre-earnings hype rally. This seems like a good set up for a decent run up then a pullback.
The XLF was set up the opposite way. They were shorted to a major support at 22.50. The expectation for banks was Armageddon. It turns out that it wasn't as bad as expected, so financials rallied.
Here is the question: What would happen to big tech stocks if the expectations are really, really high? Earnings need to be astronomical to be considered a beat. If not, then the big tech may share the same fate as Netflix in post-earnings.
This seems like a very good excuse/cover up for institutions to start selling more tech shares for the distribution cycle.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.