Wow,  Gold/Silver ration at 117!

Things moving pretty fast... suspension of flights from Europe for 30 days starting Friday, NBA just suspended season.  Pretty crazy!

Matt, would you look at PRED at this level with a tight stop maybe around 0.50?  I know its highly speculative but looks like its basing although it has looked like that a few times and surprised with further downside.  Thanks!

I like sticking to the systems even if there are a few "tougher" trades periods to deal with. The latest SPY trades still could be profitable!  

Also a though from the newsletter Sunday afternoon...... I like idea of weekly SPY system if you go away from monthly.  Many, including myself, use Breakpoint Trades to help manage our 401k's.  We can't jump in and out of trades every few days, and can't short the market / only trading the long side.  The 2 hr system is too short term to manage a "large company sponsored" 401k (and for those of us that can't be watching all the time) but I think the weekly system could be more nimble than monthly, but also not produce so many trades to make it unworkable for managing our 401k's. I've been on the side lines of the market for a while and have been waiting for a correction to get back into the market which may be happening now.....    Just my 1.5 cents on the topic!

Thanks for all you guys do!

Then there is article like this where Chinese government is saying mortality rate is ~4% and the study out of London research center estimates the cases of infection may reach ~500,000 which is obviously MUCH higher than current reports.  Guess we'll find out if the estimates, and seriousness, is being exaggerated like we've seen with other potential threats in the past.....

https://www.insider.com/coronavirus-spread-wuhan-scientists-estimate-february-peak-2020-2

It seems like whether its influenza death statistics or this virus, they need to qualify "who" is dying to know how threatening it is. For example, just to be extreme, if the 259 deaths so far worldwide are all people that were in the last 6 months of their life anyway due to old age or other medical condition, it doesn't seem like much of a threat at all, but if the deaths are in healthy adults with no other medical condition or problem, it would give more reason for worry as a threat to the general population.  Just a death rate with no break out on age group or 'health before' contracting seems like it could be very misleading on the actual threat.

Thanks for this question, I also have the same question. I am mostly on the side lines in my 401k right now and can't jump in and out every few days, but am hesitant to get in now even though maybe I should.  I would really be interested in getting some guidance on this as well.

Victor, that is what I count as well, today being day 10 (Dec 11 - Day 1, last Friday - Day 8....) .  If draw down at this level is very small should a person try a put option or a inverse ETF with a fairly tight stop, or better to wait to see if we get 11 days and then look at that option?

Agree that for those of us that can't be day trading and watching things all the time due to regular jobs / other commitments, as simple as possible having just one system that is either in or out is preferable to me and negates confusion.

Thanks!

GNAL news today of David Lenigas joining board, hopefully this adds some more upside momentum.

https://finance.yahoo.com/news/generation-alpha-appoints-board-member-130000071.html

Steve Reply: What really matters is how he impacts the company over time.   Speculative play and prefer to see progress prior to playing again.  Only a small spec for me currently. 

GNAL acting very strange the last couple days. Jumping between 0.49 and 0.59, and right now its at 0.53 with a bid of 0.59 and ask of 0.63!  Anyone have any insight or explanation?

With the S&P dropping back to opening levels, does it present a decent opportunity to get in on the 1/2 SPY trade, or has that ship sailed already?

Down in the 5-7% range on SPY/SSO trades so far, would it be prudent to buy something on opposite side of play for some insurance if it looks probable the market could collapse further, or are we still looking for 3rd entry still on the long side?   Or maybe just jetison at this point? Thanks for any advice or thought on best way to go from here.

No mention of the current SPY trade in the newsletter tonight.  Since it took a long trade a couple days at this inflection point it would be good to know what your thought is, and if we will be looking at a 3rd entry possibly, etc.   Appreciate all your work on this stuff, I enjoy the newsletters, trade ideas, etc.  Thanks!

So if we got slaughtered on this trade is it better to sell them now or hold them right through?

I am sure tempted to buy more XIV at this level but probably shouldn't since I am trying to stay disciplined with the system and instead purchased 10% UPRO....  Wild market for sure!   You don't lose money until you sell, so hopefully the SPY system trade will rebound and come out good at some point!  Good luck to everyone!

I'm definitely far from an expert on all the systems but I think it is very, very simple if you want to keep it that way (which I do).  Just follow their main recommendations on the SPY system.  They tell you exactly when to get in (and 2nd entry if applicable), and when to get out.  That's it.  If you wantto get complicated and try doing trades on multiple systems then that requires more attention and due diligence, but no reason to complicate it unless you really want.

Any advice on the proper trigger price to short HYG in this wedge?  I shorted a little a couple days ago but want to add to it at the right spot.  Any advice is appreciated!