Updates for Friday 11/5/21

We trade 3x ETFs such as TQQQ TNA SOXL LABU UVXY using proprietary analysis of volatility.   
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Updates 2:45 AM EST - Friday 11/5/21

Volatility >> bullish
$VIX $VXN $RVX are showing similar chart patterns:

• No signs of imminent crash or major pullback
• Any spike above the 200-hour EMA line is a buyable dip for $SPX $NDX IWM.​

Advance-Decline Net Issues >> bullish
NYSE and Nasdaq A/D lines are still above their 200-hour EMA on their cumulative hourly charts.  Overall message is still bullish.

Seasonality >> bullish
Statistically, this is a bullish period of the trading year.

Positive gamma >> bullish
Gamma is positive right now for $SPX $NDX IWM.   This means that dealers are hedging their books by buying into weakness, and selling into strength.   The net effect is supportive of a steady march upward, without outsize swings.

Short-term Key Levels
$NDX QQQ TQQQ have been updated.   All other are the same.

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