Probably over the next couple of weeks/months we will read about firms that had MBS and over leveraged,  The fed buying bonds and backstopping has created significant losses to mortgage firms that sell puts as insurance against the originated mortgages (I might not be 100% accurate on this but there is something going on in that space that has created significant margin calls from what I have read).  

We can all speculate (myself included)  but as we have seen - oversold can become more oversold.   Just like the Ramp up from October 2019.  Market remained overbought for months before it cracked in Feb 2020.   The bias is to the bear side until proven otherwise.   

Same chance as having a vaccine today for Covid-19. 

GLD 120 min TGT. 

Goldnice.  I think we have one more push lower on Silver to retest the recent lows.   Perhaps in a couple of weeks.  But I do believe at some point Silver will outperform Gold on a % basis.  

Steve - There is always a bull market, just have to work hard enough to find it and keep pursuing.  

The positive is that this will get flushed out pretty fast.  the algo's and huge leverage will drain the swamp soon enough.   Even in 2008 when the sky was falling, the markets started to recover months before any positive headlines.  

I am sure we are going to re-test the lows, the question is when?   we have 5-8% moves a day.  hard to stay positioned without blowing up your account.  

APT and AHPI.  Grade "A".   

The VIX has not moved one heck of a lot with todays sell off.   Just a note.

Waiting for LQD to set up for a short opp.  My only concern is that the Fed said it is going to buy bond ETF's.  Now in their verbiage they said they would buy short duration (1-3 years).  LQD goes out 10-13 I think.  Have to see price action over the next couple of days.   and SPMB looking for the next short on that. 

SPXU and DSLV - day trades for today.  

SMED.   In the business of recycling medical products.  With supply chain disruptions and hospitals at max capacity.   Chart is telling the story.    There is a bull market somewhere, just have to dig and dig to mine the Gold.  

Agreed.  That is the set up you want so can recycle and build energy to go up. 

$SPX Daily ( Buying at the 5 Day SMA).  Closed above 5 Day, CCI pos, RSI pos and the last piece ( ATR is falling) = positive signs for a more sustained bounce ($Vix is till high).

Nest chart it the 120 min, take notice of the pivot this am off of the low (bear trap this am).  

LQD May put options ATM.  

TEVA@$8.00 and VIVO@7.70   I like TEVA in generic phama space.  and VIVO makes a reagent that is crucial for POC Covid-19 testing.   

https://techstartups.com/2020/03/28/dr-vladimir-zelenko-now-treated-699-coronavirus-patients-100-success-using-hydroxychloroquine-sulfate-zinc-z-pak-update/

GDX 60 min.  pivot at 24.55.   TGT $26.-$26.51 area.  Short term.  My two cents.  

SPY 60 min.