Financial astrology for the successful investor & trade
1. Investment Strategies In A Financial Mania & Bubble
Will markets correct in March?
There is little REALITY to today’s markets – until a swan event &/or Robinhooders learn trees don’t’ grow to the sky, expect more pyramid games.
However some analysts believe TNX = 2 = 20% Nasdaq correction. Plus by this Summer you will hear the dreaded “T” word- No not 3 Trillion Dollar infrastructure package but TAXES!!!
For how long will investors ask “How low & How long” instead of “How far is UP” or will it be “Buy the Dip” yet again?
Inquiring minds want to know – PERHAPS THIS WEEK?
As long as markets disagree with me, we will add more long/short strategies and/or recommend hourly long short day trading.
PIVOTS 2020 Close 10%- Nov 3
DJI 32500 30606 29500 27480
SPX 3950 3756 3555 3369
NAS 13224 12888 12757 11160
TRADERS SHOULD DO QUICK DAY TRADES OR HAVE VERY DEEP POCKETS;
- After hard rallies or market drops, it is smart to book profits.
- Current odds of another market leg down this coming week 69%.
BE PREPARED FOR MARKETS GO IN REVERSE vs MAKE HAY WHILE THE SUN SHINES
Bond investors are now believing inflation may be coming ahead of Godot’s arrival.
Given continuing market sky high valuations, we do not see sufficient FUNDEMENTALS (Fed accommodation, Vaccines & Stimulus Packages) to justify SP500 earnings.
Our recommendation continues to be maximum portfolio protection.
TSLA, BTC, VIX, GME & TNX are our five market “canaries in the coal mine”:
When three or more canaries sing, be ready to Head for the Hills (or your nearest bar) .
TNX: 1.55-1.75
VIX: 26-30
TSLA: < 695
BTC: < 30K
GME:* < 25
*Gamestop & friends such as AMC are Like Bitcoin, its trading has little or no relationship to reality.
Short of a reality check that the emperor has NO clothes, newbies learning that all stocks do NOT go UP ALL the time can also time market top (Feb/March).
Commodity Trading:
Gold Buy on dips
Silver Buy on dips
Copper Overpriced 4.20
Oil Overpriced 66 sell
KEY DATES: March, 17, 19, 26
DJIA: 306063 SUPPORT?
SPX: 3800 SUPPORT?
NASDAQ: 12888 SUPPORT?
GOLD: 1700 PIVOT R1 1750 R2 1779 R3 1800
SILVER: 25 PIVOT/ SUPORT R1 26 R2 28 R3 30
OIL: 65 PIVOT S1 63 S2 60 R1 68
COPPER: 4.05 PIVOT R1 4.25
US 10 year 1.50 PIVOT R1 1.75 R2 2 R3 2.20
CNY 6.50 PIVOT
DXY …
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