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.
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.
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.
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.
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:)
The community is delayed by three days for non registered users.
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
This is what I said on November 20th"At APMEX on ...
Posted by ssaffer on 28th of Mar 2020 at 11:24 am
You are spot on (no pun intended). The paper hasn't caught up with the physical demand. It time it will.
http://investor.henryschein.com/news-releases/news-release-details/henry-schein-announces-availability-coronavirus-2019-covid-19
Posted by ssaffer on 27th of Mar 2020 at 06:49 pm
http://investor.henryschein.com/news-releases/news-release-details/henry-schein-announces-availability-coronavirus-2019-covid-19
Hopefully we get a green
ES 80 handles pull into close as the algo's - ...
Posted by ssaffer on 27th of Mar 2020 at 04:15 pm
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
https://www.moodys.com/research/Moodys-Coronavirus-set-to-negatively-impact-North-American-corporate-credit--PBC_1219338
Posted by ssaffer on 27th of Mar 2020 at 02:46 pm
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.
BSGM. https://finance.yahoo.com/news/biosig-subsidiary-neuroclear-acquires-license-115210354.html
Posted by ssaffer on 27th of Mar 2020 at 01:11 pm
BSGM. https://finance.yahoo.com/news/biosig-subsidiary-neuroclear-acquires-license-115210354.html
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.
$CL finding new lows but at support now.
Posted by ssaffer on 27th of Mar 2020 at 12:40 pm
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
1929 …….. a chart for the goldbugs….
Posted by ssaffer on 27th of Mar 2020 at 12:09 pm
Gold was still pegged to the dollar then.