$ADSK

I am long this stock today. I see about 11% to the target.

$SCO - Short Crude Oil

A sharp spike in the dollar today helped lower oil prices so I am short crude oil right now. Oil is traded in dollars. The more the dollar is worth, the less dollars it takes to buy a barrel of oil, thus the price of oil goes down.

Dollar Charts
5 minute chart

Daily chart - Note the support and resistance

$SCO Ultra short oil ETF, bounced off support today with the spike in the dollar.

Update on my calls

$NVDA  Continues to fall. May see $12 so I was wrong on this call.

$LCC  Continues to move lower, I'm going to wait to see it test the neckline again. Earning are coming up as well making it a risky trade to short.

$IMAX  Has tested the neckline of the head and shoulders pattern. I see this as a good opportunity to short.

$NVDA

NVDA has been going down for a while. I see it hitting a technical low from its head and shoulder pattern. This could mean its due for an oversold bounce. Keeping an eye on it.

$LCC

Short Setup - Head & shoulders pattern. I'm going to watch this and see what happens. If the price goes below the neckline I may short this. Oil prices will be a factor. Higher oil prices could push the stock lower.

$IMAX

Short Setup. I am short based on this setup.

SPX & VIX Inverse Relationship

The VIX is the "fear index". When the market is strong, fear is low. When the market is tanking, fear is high. There is an inverse relationship between the two. The VIX has double bottomed. I think this could signal a reversal in the SPX.