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Friday, February 18, 2022

Market Update Friday 2/18/22 - Another Day - Another Bullish Setup - Another Dollar

To wrap up the trading week:

We've seen the market whipsawing around quite a bit this week, and that means an excellent trading , as long as you can stay on the right side of the trade, as I have... over the past several months. 

I already find myself up nearly 70%, over the past few months, and now I'm beginning to understand why the market was held up into the end of the year (2021). I've recently  learned that you pay lower capital gains tax, on positions which are held onto for more than a year, whereas any gains you take for positions you hold for less than a year, are taxed as regular income, and this amounts to billions of dollars for pension funds, hedge funds, and the banks. 

 I haven't really had to worry about capital gains, until this year, when I started trading a substantial account, whereas during the first 10 - 14 years I only traded with very small accounts.  

The key to swing tradeing this week, came down to a correct reading of the constantly manipulated $VIX.

$VIX - even the 5 min $VIX chart kept me on track, for most the week. 

On Monday Valentines Day we saw a little pullback - to a higher recent low - on fake news of a Russian invasion, of Ukraine. It seems like everyone except the lame stream media, and the white house, figured out these were false reports, based on a sarcastic statement made by the president of the Ukraine Volodymy Zelenskyy. This just goes to show how stupid, or corrupt, the people running our state department are, and that they'll do anything to try to distract from the real news. 

Fake News 1. Russian Invasion Imminent - continues to be reported.  

Real News stories - not being reported - 4, 5 , maybe even more...?   

a.  Who Are Those ‘Techies’ Who Spied on Trump?

‘Benevolent posse’ or partisans for Hillary Clinton? John Durham has the answer. WSJ

b. BLM hires Clinton aide who paid for Steele dossier to sort shady finances NYPost 

c. President Joe Biden's national security adviser, Jake Sullivan, is the 'foreign policy adviser' mentioned in the indictment of a former Hillary Clinton campaign lawyer dailymail 

d. FDA executive officer is caught on Project Veritas hidden camera admitting Biden will force an ANNUAL Covid shot that would be a 'recurring fountain of revenue' for drug firms dailymail 

e. Meanwhile... Covid restrictions are quietly being dropped. 

I could explain, why it was that I continued to call for further consolidation (lower) after Tuesday's rally (on more fake news - that Russia was pulling out. Yes, they were reporting this, in order to help facilitate a short squeeze), but I don't really have the time... 

The market opened over 2 hours ago, and I want to wrap this up!  

Next Week's Forecast 

Expect to rally into next week, on a much lower $VIX, and even into the spring as predicted earlier.   

Oil has been a little weak over the past few days, but don't feel like a reversal, and Options don't expire until 2/22/22. I think we could see one last pump, ahead of that date, followed by a nasty correction. 

$UCO - Ultra Bloomberg Crude Oil - watch for a throw-over (manipulated of course) above the top of the pattern, above $125. This is how the corrupt oil bulls can guarantee, that they'll get paid on their Options contracts. 

Take Care, AA 

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