Matt, I have no idea how you do all the things you do and I admire you for accomplishing all you do. You are pulled in so many directions. I can't help but believe that you and Steve will have to add more members to your team over time. I am not a trader. I manage about $250 million of assets primarily for one client family. I use a lot of technical analysis in my work and have plenty of resources to help me. I stumbled across you guys several years ago and have always been impressed. You do really great work that I always find extremely insightful and reliable. 

who could have imagined that?!

Look at Semper MBS Total Return Fund (SEMMX). This is a mortgage backed securities fund that has been crushed. We think it has one of the best risk/reward profiles of any fund we follow  going forward 6 to 12 months. Just sayin'. Not a recommendation. Just an observation. 

I just read the introduction to the weekend newsletter and it all told me one thing. None of us have any idea how quickly this crisis will be resolved, or where stock prices will be in 30 days, 60 days, 90 days?  Is the $SPX going to 1800 or new highs over the next few months? I'd put even money on either side of that bet. I am a portfolio manager, and have been for 30 years. I have never experienced anything like this. No one else has either. I am not a trader. I'm a good technical analyst. I don't even remember how I chanced upon Breakpointtrades.com. I do remember being intrigued. I have access to all kinds of institutional research, yet I had never seen anything like Matt and Steve were doing. I subscribed and thought, let's give this a chance. At first my skepticism actually grew. Who were these two guys? No credentials. No track record. But I remained intrigued. I've been a member for years now and consider this the best technical analysis site I subscribe to. I consider it to be my secret weapon. I want to congratulate and thank Matt and Steve for all their hard  and great work. It isn't easy to do what they do. I look forward to being a member for years to come. As for now, we are in completely uncharted waters. 

Very Sorry Steve. That is an incredibly hard loss. Condolences and love to you and your wife. 

I disagree with this. I am one of the older boomer, born in 1948, and I am buying even today. Luckily I went into this meltdown with about 50% cash. I've been surprised by how much damage has been done to my portfolio having had all this cash. But luckily I had lots of dry powder to buy with. I've been investing in stocks since 1981. I consider this one of the best opportunities of my life time. I'm a Registered Investment Advisor in Napa, CA. Many of my clients are boomers too. They feel just like I do, and they all had the same amount of cash to work with. We are buyers! 

I recently bought DRRX at $2.10 per share. Also bought ZYNE, SLGL, RMTI, and AGTC. 

VF Corp (VFC) is breaking out from a nearly year long inverse head and shoulder pattern. We hold it in our Dividend Diamonds strategy. It has raised the dividend 44 years in a row. Earnings report next week. If this breakout holds we will buy it for our Growth portfolio. 

Paul Krsek, 5TQ Capital, LLC

I have no idea how he stay in business or why he has any followers. He is a total contra indicator. I have literally made trades based on his guidance, always taking the other side of the trade! 

Matt, I am sure all the members are sorry to read about your condition. Please relax and get well. 

all the best, 

Paul Krsek

what are you showing in the middle section of the chart. there is no label on it. thanks, PK

This in from Dorsey Wright research today.

Dorsey Wright - The monthly momentum on GDX just flipped positive after it was negative for 10 months from January to October.  The shift back to positive monthly momentum offers another piece of evidence in support of GDX at this time.  After breaking a double top buy signal at $61, GDX broke through the negative trendline, shifting the trend back to positive.  In addition, the fund score of GDX continues to rise and is currently scoring at the 5.7 level.  Interestingly enough, throughout the recent correction, GDX 's score managed to stay above the important three score threshold.  As well, GDX 's weekly momentum turned positive, suggesting short term strength.  Given these positive developments, GDX can be considered here for new positions.  The first sell signal would take place at $56.  Investors are afforded an initial stop loss at $55, which would violate the trendline.

Steve, I for one am glad the futures are closed. It has been a wild week. I have been managing money for myself and clients in the Napa Valley since 1990. On Monday of this week I lost more money in one day than every before in a single day. Tuesday I made every dime of it back and ended the week in the black. But it was gut wrenching along the way. I am not a short term trader like most on this blog but I did a lot of trading this week.

I will be drinking some good Napa Valley wine by 5:00 p.m. tonight. A good weekend to you, Matt and all who post here.

According to SenitmenTrader.com, the only two other times we were as oversold as today (on a 10-day basis) was the crash of October 1987 and when Germany invaded France in 1940.

Reported by Doug Kass, on RealMoney.com

It would be reasonable to assume SLV would pullback if we get real resolution on all the debt issues, but my take is that is not happening anywhere. What is going on in the U.S. debate is all political theatre that most likely "kicks the can" down the road to 2013 before hard issues are faced. The plan announced in Europe yesterday is most likely the first phase of a bailout that could go on for years, involve multiple countries and get as large as $2.8 trillion. That estimate is from the Royal Bank of Scotland. That is $800 billion more than QE1 and QE2 in the U.S. combined. That is enough "QE" to keep gold and silver prices elevated for years to come. I am in Matt's camp that there is a long way to go in the upward movement of gold, and silver will follow.

I am not a trader like most people on this site. My point of view is much longer. But i am buying GLD and SLV on most every pullback.

SLV looks to be breaking out to me. P&F chart target is over 50.