Hello everyone, hope you had a good week and a great Friday. Man the market is just nuts these days it seems, the moves I'm seeing with individual stocks these days, I don't even remember 1999 being like this. Well, it is what it is, we will continue to play the game for as long as it wants to go on.
That said regarding the daily indexes two new DVT's were generated today:
- SPX DVT moves up to 3782 from 3694, nearly a 100 point jump
- For the QQQ the DVT moved up to 320.7 from 312.8.
DVT's moved higher for the IWM and EEM earlier this week.
- For IWM the DVT moved up from 208.2 to 213.2
- for EEM the DVT moved up from 53 to 54.4
Also the weekly DVT's moved up nicely for the indexes, for example the DVT moved up from 3474 the previous week to 3606, see the final chart.
The nice thing about the DVT's is that they will continue to ratchet up the higher the market goes. So let the party go on I say. Think of the DVT's like a game of musical chairs, when the music stops, you better make sure you have a chair to sit in, the DVT's give you that chair.
of course the indexes are boring, hope you guys have been playing our individual trade setups, SOS, AYRO, NVAX etc
have a great weekend!
Matt