Holding onto my "LAKE" as I like the triple bottom off of the
Daily chart. If it breaks the neckline around $18- could see
a nice move north to $20 area.
It all depends on your time frame. The overall trend is
still Bearish until we break above to new highs? Short term
I would say there is a bullish Bias (next couple of weeks), the key
will be all the earnings and GDP towards the end of this month.
I trade a 5 min chart during the day, so today there was a
bullish bias, so I would buy into the dips during the day and then
today I went short near the close because the market is overbought,
up against some hard resistance on the Daily chart. Monthly
and Weekly charts are still bearish. I follow the overall
trend for my bias on trades. Then you can be bearish on
certain sectors (real estate, Retail and be Bullish on Healthcare,
Grocery chains, Costco, etc..). That is why Matt and Steve
have different trading systems too, to fit your style. But
again, it is all relative to your trading style, parameters,
etc...in my humble opinion.
I am not so sure that inflation will tick up anytime soon as the
velocity of money is just not there. The average Joe is not
getting money, only circulating into the financial institutions.
Gold and Silver going up because no trust and the massive
debt the Fed is creating. But inflation I do not see it
yet.
There is high probability that we are not in a 'V" shaped
recovery. Most of the Bear markets in history had a retest or
a lower low "flush" before it finally bottomed out.
If we pull back to the Weekly Chart, The wave count seems
to be W-X-Y corrective to final (y)/4 flush. This is
all speculative But in play until it is validated by breaking
above the 61.8% retracement., Looks like a hammer from
last weeks candle and the Full Stoch has not even crossed up
yet. Caution.
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AHPI. Low risk entry here
Posted by ssaffer on 15th of Apr 2020 at 01:03 pm
AHPI. Low risk entry here looks like. Tight stop just below the 50 day ma on the Daily.
Holding onto my "LAKE" as
LAKE decent day today and now watching APT for range ...
Posted by ssaffer on 15th of Apr 2020 at 12:42 pm
Holding onto my "LAKE" as I like the triple bottom off of the Daily chart. If it breaks the neckline around $18- could see a nice move north to $20 area.
No panic selling, so far
VIX 60 min follow up
Posted by ssaffer on 15th of Apr 2020 at 12:39 pm
No panic selling, so far that means people are looking at this as a pullback. See where it settles in the next day.
VIR setting up next.
MRNA pops intraday
Posted by ssaffer on 15th of Apr 2020 at 12:37 pm
VIR setting up next.
It all depends on your
SPX 60 View Updated
Posted by ssaffer on 14th of Apr 2020 at 05:37 pm
It all depends on your time frame. The overall trend is still Bearish until we break above to new highs? Short term I would say there is a bullish Bias (next couple of weeks), the key will be all the earnings and GDP towards the end of this month. I trade a 5 min chart during the day, so today there was a bullish bias, so I would buy into the dips during the day and then today I went short near the close because the market is overbought, up against some hard resistance on the Daily chart. Monthly and Weekly charts are still bearish. I follow the overall trend for my bias on trades. Then you can be bearish on certain sectors (real estate, Retail and be Bullish on Healthcare, Grocery chains, Costco, etc..). That is why Matt and Steve have different trading systems too, to fit your style. But again, it is all relative to your trading style, parameters, etc...in my humble opinion.
DSLV@16.64 These are just my
Posted by ssaffer on 14th of Apr 2020 at 01:55 pm
DSLV@16.64 These are just my trades, so not trading advice to anyone.
SPXU@16.92
Posted by ssaffer on 14th of Apr 2020 at 01:54 pm
SPXU@16.92
APRN.
Posted by ssaffer on 14th of Apr 2020 at 01:22 pm
APRN.
$VIX on the 60 min
Posted by ssaffer on 14th of Apr 2020 at 12:49 pm
$VIX on the 60 min outside the BB now back in. Could see a pullback in the markets tomorrow.
My Favorite type of short
Posted by ssaffer on 14th of Apr 2020 at 12:46 pm
My Favorite type of short set up. FB on the Daily.
AMZN monster move and almost
Posted by ssaffer on 14th of Apr 2020 at 01:12 am
AMZN monster move and almost to new highs. Clear winners and losers in this Covid-19 market.
ZM and TDOC both winners
$ZM ride and hold 50 dsma and popped. now on ...
Posted by ssaffer on 13th of Apr 2020 at 08:50 pm
ZM and TDOC both winners during Covid-19.
I am not so sure
I'm confused about all this FED money injection and possible ...
Posted by ssaffer on 13th of Apr 2020 at 08:48 pm
I am not so sure that inflation will tick up anytime soon as the velocity of money is just not there. The average Joe is not getting money, only circulating into the financial institutions. Gold and Silver going up because no trust and the massive debt the Fed is creating. But inflation I do not see it yet.
My personal opinion is you
Posted by ssaffer on 13th of Apr 2020 at 12:02 am
My personal opinion is you have to be a little nuts to stand in front of this run away freight train in real estate or the MBS market. https://www.zerohedge.com/economics/jpmorgan-scrambles-raise-mortgage-borrowing-standards-ahead-biggest-wave-defaults-history
There is high probability that
The trend spider guys posted this today. I think it ...
Posted by ssaffer on 12th of Apr 2020 at 11:54 pm
There is high probability that we are not in a 'V" shaped recovery. Most of the Bear markets in history had a retest or a lower low "flush" before it finally bottomed out.
https://realinvestmentadvice.com/macroview-is-the-debt-chasm-too-big-for-the-fed-to-fill/
Posted by ssaffer on 12th of Apr 2020 at 11:49 pm
https://realinvestmentadvice.com/macroview-is-the-debt-chasm-too-big-for-the-fed-to-fill/
I am going to keep
GBTC Bitcoin Monthly Chart. Large {Triangle} setting up in bitcoin. ...
Posted by ssaffer on 11th of Apr 2020 at 11:28 pm
I am going to keep my eye on that chart. The break over the triangle would be a good entry.
They injected LQD with massive
Here is a list of the ETF's that the Fed ...
Posted by ssaffer on 11th of Apr 2020 at 11:27 pm
They injected LQD with massive amounts of Heroine last Thursday, have to see how the experiment pans out.
If we pull back to
{Very short term} Bear market bounce buy in this Nasdaq ...
Posted by ssaffer on 11th of Apr 2020 at 11:26 pm
If we pull back to the Weekly Chart, The wave count seems to be W-X-Y corrective to final (y)/4 flush. This is all speculative But in play until it is validated by breaking above the 61.8% retracement., Looks like a hammer from last weeks candle and the Full Stoch has not even crossed up yet. Caution.
Thats not good. Seems like
FRANCE INFECTIOUS DISEASE BOARD SAYS COMBINATION OF HYDROXYCHLOROQUINE AND AZITHROMICIN ...
Posted by ssaffer on 11th of Apr 2020 at 11:22 pm
Thats not good. Seems like the GILD drug is only thing so far showing some efficacy.