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:)
Yeah, I’m I’m listening and love the guidance from Newsletter,
but was confused whether we are looking for a lower high or new
high. Thanks for your thoughts!
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
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:)
Yeah, I’m I’m listening and
Posted by mdgfain on 27th of Mar 2020 at 01:34 pm
Yeah, I’m I’m listening and love the guidance from Newsletter, but was confused whether we are looking for a lower high or new high. Thanks for your thoughts!
market was up 17% in
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.
Input appreciated
Posted by retirefire on 27th of Mar 2020 at 01:58 pm
Input appreciated