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DRV.  Could get a pop

Posted by ssaffer on 8th of Apr 2020 at 01:54 pm

DRV.  Could get a pop to the $33-35 area (5 Day MA is $33.17).   

CODX.   I am not

Posted by ssaffer on 8th of Apr 2020 at 01:47 pm

CODX.   I am not sure how many players are in the Serology testing kits, but I do know that from Healthcare to sports team people will be all tested in the future for Covid-19.   Huge demand.  

Buyer Beware.   Tomorrow could be

Posted by ssaffer on 8th of Apr 2020 at 01:13 pm

Buyer Beware.   Tomorrow could be sell the news.   

SPY - 60 min chart.

Posted by ssaffer on 7th of Apr 2020 at 07:08 pm

SPY - 60 min chart.  Perhaps a pullback to the 2566 area (2).   Then if we head higher than looking at Wave (c) target in the 290ish area.  

Whoever wrote it, it was before 2020 and that is crazy.   

Deen Koontz Book (published in

Posted by ssaffer on 7th of Apr 2020 at 04:06 pm

Deen Koontz Book (published in 1981).  

He was an astrologer?  Johnny Carson like him and had him on his show a lot.  

Thats why I am only

SPX 60 min candle zoom

Posted by ssaffer on 7th of Apr 2020 at 03:18 pm

Thats why I am only trading the 60 min chart on most of my trades.  You get crushed for holding more than two days.  I stopped trading futures because the overnight I would get stopped out 90% of my trades and reverse in the morning.

When the VIX is still

SPX 60 min candle zoom

Posted by ssaffer on 7th of Apr 2020 at 02:57 pm

When the VIX is still this elevated you have to stay nimble on either side.  

Waiting for Gold/Silver to decouple

Gold channels

Posted by ssaffer on 7th of Apr 2020 at 02:50 pm

Waiting for Gold/Silver to decouple from the Markets.  So far still correlated . 

ERY@Market. 

Posted by ssaffer on 7th of Apr 2020 at 02:45 pm

ERY@Market. 

SPY Jan 15 2022 ATM

Posted by ssaffer on 7th of Apr 2020 at 02:37 pm

SPY Jan 15 2022 ATM puts.   Time to set to auto-pilot.  

Just the ETF's.  No futures.  I don't have the stomach for oil/gas futures market.  

Matt - thanks for the

Natural gas update

Posted by ssaffer on 6th of Apr 2020 at 08:19 pm

Matt - thanks for the chart confirmations!

Nat Gas.  Look to take

Posted by ssaffer on 6th of Apr 2020 at 07:32 pm

Nat Gas.  Look to take a position tomorrow.  Been waiting ten years for this bottom structure to show up on my screen.   When you have the Monthly, Weekly and Daily screen all matching.  

I put 20% of my Portfolio in  10%  UGL and  10% SLV this morning.    I love trades like this.  Elliot Wave count, break out in price and the back drop of a massive campaign to inflate the economy.  Look for DBA and DBC to bottom out. 

Smart money was buying into

Posted by ssaffer on 6th of Apr 2020 at 06:45 pm

Smart money was buying into the market last week.   I am not bullish but I do favor a larger bounce into April.  This is my best guest count for the bounce.   Hit that 270 area by this week, pull back next week and reload for the final wave up into the 280's-290ish area.   Or we posted the high today and sink (that would be the lesser probability for me right now).  

100% agreed.   

The Fed will do everything in its power to inflate out of this crisis.    We might be at bargain prices right now on Gold/Silver.  I read over the weekend that the physical is up more than 45% from the paper.  Now time for the paper to catch up.  

goldnice - today is the day.  Price action on Gold and Silver today,  very bullish.   The miners have some more work to do.  Up against a lot of resistance on the 50/200 ma.  

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