I see a silhouette of this Jack-in-the-Box every morning at 1:30.

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I see a silhouette of this Jack-in-the-Box every morning at 1:30.
Here’s a bit of drama over a very short span of time: the ultra-short NASDAQ fund symbol QID which, from February 19th until today, doubled in price (peaking April 7th of course) and then proceeded to lose all its pop and push to lifetime lows. That’s the magic of leverage!
This trendline neatly contains a bull market in volatility that started half a year ago. Higher lows. Higher highs. An unbroken supporting trendline. It all suggests there isn’t much more VIX to bleed out at this point.
Here’s a bit of a sad tale! I was short COST with a stop at 1018. I set the stop based on its price gap just below that level. I have drawn a red line to show where 1018 is, and as you can see, it traded briefly above this area, executing my stop-loss order, and then……….well…………..
Since China is looming large in the American mind these days, here is a diagram of the most valuable Chinese companies that trade in the U.S.