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Steve - sorry for your

Administrative Note:

Posted by ssaffer on 30th of Mar 2020 at 11:17 am

Steve - sorry for your loss.  Prayers to you and your family. 

SPY 120 min Chart.  

Posted by ssaffer on 28th of Mar 2020 at 09:09 pm

SPY 120 min Chart.   Support at 243.  Resistance at 265.   See where she goes on Monday.  

SLV Daily Chart.   This

Posted by ssaffer on 28th of Mar 2020 at 08:49 pm

SLV Daily Chart.   This is my speculative Chart.   I think late April/Early May will have a great buying opp in SLV.   It will eventually outperform Gold I believe. 

I like your count,  I

SPX daily 

Posted by ssaffer on 28th of Mar 2020 at 08:25 pm

I like your count,  I think we might get one more pop, perhaps Monday and then pullback to your B before final C up.  

You are spot on (no pun intended).   The paper hasn't caught up with the physical demand.   It time it will.   

Hopefully we get a green Monday, as everyone is expecting a sell off from all the past Mondays.    Today seem more like an accumulation day than the usual distribution days.   On the chart.  Green is accumulation of Inst buying.   

What garbage to announce that

SPX 15 min follow up

Posted by ssaffer on 27th of Mar 2020 at 04:04 pm

What garbage to announce that right before the close.  

You do not have to be a genius to make that call, the corporate bond market was sketchy back in 2019, already showing cracks when the big "Repo's" started in late August of 2019.  The Coronvirus was the match that lit the bomb on all the bad debt that is coming to light now.  The same "Moodys" that rated mortgage back securities  back in 2007.    Watch the movie "The big Short" if you haven't already.  This time it will be corporate debt markets.  

IF it breaks below today

SPX 5 and 15 min

Posted by ssaffer on 27th of Mar 2020 at 02:41 pm

IF it breaks below today trendline and at (2).   Oil is firming up so I wouldn't be surprised if we run up into the close. 

SPY 120 min.  

Posted by ssaffer on 27th of Mar 2020 at 02:29 pm

SPY 120 min.  

SPY 120 min.  

Posted by ssaffer on 27th of Mar 2020 at 02:02 pm

SPY 120 min.  

market was up 17% in

SPX 5 and 15 min

Posted by ssaffer on 27th of Mar 2020 at 01:43 pm

market was up 17% in three days.  There is going to be a pullback (need to recycle to bring new buyers in) or else it just becomes all short covering and then no new buyers , market momentum wanes and sells off.  You want to see institutional buying (they are not going to chase momentum).  They buy at support regions that Matt points out during the day.  

AHPI.   Makes products for respirators

Posted by ssaffer on 27th of Mar 2020 at 01:06 pm

AHPI.   Makes products for respirators and other medical PPE equipemnt.  

2700-2800.  Due note I always

SPX 5 and 15 min

Posted by ssaffer on 27th of Mar 2020 at 12:55 pm

2700-2800.  Due note I always have stops at key support levels (Matt puts out every night on their newsletter).   Its going to be a a lot of turbulence along the way with the VIX still being so elevated.   I am only using 10% of my portfolio for  SPY and TNA.   This market can turn on a dime and tank so I do not want to risk that much right now.  Like buying a new boat and taking it out during a Hurricane to see if she is sea worthy.    Might need a bigger boat:)   

2540 was the pullback zone

SPX 5 and 15 min

Posted by ssaffer on 27th of Mar 2020 at 12:40 pm

2540 was the pullback zone tgt i had.

Thanks for the heads up.

APT - bounced off the

Posted by ssaffer on 27th of Mar 2020 at 12:12 pm

APT - bounced off the 50 day on the Daily.  Nice pop. 

Gold was still pegged to the dollar then.  

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