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03/23/2020 Live Update

Re: 03/23/2020 Live Update

Postby Heck » Mon Mar 23, 2020 11:12 am

$GOLD Target + 38 %
From 1457.5 to 2013.88

$SILVER Target - 60 %
From 13.31 to 5.39

$PLAT Target - 67 %
From 639.9 to 211.78
Last edited by Heck on Mon Mar 23, 2020 1:45 pm, edited 2 times in total.
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Re: 03/23/2020 Live Update

Postby Al_Dente » Mon Mar 23, 2020 11:14 am

moments ago
"Fed Will Limit Buybacks & Dividends For Companies Using Its Credit Facility"
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Re: 03/23/2020 Live Update

Postby Al_Dente » Mon Mar 23, 2020 11:27 am

Last week I posted a thing from Eliott Wave International, wherin Brian believed that there is NO DURABLE BOTTOM YET because “market allocation” has yet to wash out to its lowest point. He also said, which we all know, there can be VIOLENT rallys on the way to the BIG LOW.
This chart is the nearest measure I can find (Sentiment) for his “market allocation” using stockcharts.
Anyone have better?
WEEKLY… and it lags…
323sentiment.png.png
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Re: 03/23/2020 Live Update

Postby Al_Dente » Mon Mar 23, 2020 11:42 am

"Direxion Cuts Leverage on 10 Funds to 200% [from 300%], Closes Eight Others"
READ THIS IF YOU TRADE LEVERAGED ETFs:
https://www.bloomberg.com//news/article ... markets-vp

"starting on May 19"

add:
If you hit a Bloomberg paywall, use this, same article:
https://finance.yahoo.com/news/direxion ... 30817.html
Last edited by Al_Dente on Mon Mar 23, 2020 11:48 am, edited 1 time in total.
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Re: 03/23/2020 Live Update

Postby Cobra » Mon Mar 23, 2020 11:44 am

Valid break down, so this bear shall have legs.
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Re: 03/23/2020 Live Update

Postby Heck » Mon Mar 23, 2020 12:03 pm

Dow wipes out all the gains since Trump’s election

BULLYA
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Re: 03/23/2020 Live Update

Postby Heck » Mon Mar 23, 2020 12:04 pm

SPY BUYING > 218.26
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Re: 03/23/2020 Live Update

Postby Al_Dente » Mon Mar 23, 2020 12:05 pm

NUGT is up 23% today
which is why Direxion can’t handle it (who could?) and will change it to 200% leverage (from 300%) "starting on May 19"
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Re: 03/23/2020 Live Update

Postby Cobra » Mon Mar 23, 2020 12:07 pm


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Re: 03/23/2020 Live Update

Postby Cobra » Mon Mar 23, 2020 12:08 pm

Multiple resistances here. Need break EMA20 decisively in order for bulls to have hopes.
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Re: 03/23/2020 Live Update

Postby Junior Buffett » Mon Mar 23, 2020 12:09 pm

Cobra wrote:Members only update at 12:08 pm
http://www.cobrasmarketview.com/2020/03 ... ay-update/


Its getting real scary now. FED was the last hope for this market to turn around and it looks like, everything is going into the sink!
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Re: 03/23/2020 Live Update

Postby Al_Dente » Mon Mar 23, 2020 12:23 pm

AD
1/VIX
leveraged ETFs
5min
323first.png.png
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Re: 03/23/2020 Live Update

Postby Al_Dente » Mon Mar 23, 2020 12:27 pm

"Home work triggers demand jump for chips, laptops and network goods"
https://www.reuters.com/article/us-heal ... ss+News%29

"...intense demand for memory now..."
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Re: 03/23/2020 Live Update

Postby Cobra » Mon Mar 23, 2020 12:36 pm

Still fight the EMA20, need exceed the mini target (pink area) for bulls to see hopes
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Re: 03/23/2020 Live Update

Postby Al_Dente » Mon Mar 23, 2020 12:38 pm

Schumer, moments ago, our goal is to reach a deal today
“we are close”
[He also said that earlier today]
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Re: 03/23/2020 Live Update

Postby Al_Dente » Mon Mar 23, 2020 12:42 pm

BA halted, news pending
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Re: 03/23/2020 Live Update

Postby Al_Dente » Mon Mar 23, 2020 12:46 pm

CNBC has a parade of pundits on, mostly talking about "nibbling"
Oy
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Re: 03/23/2020 Live Update

Postby Cobra » Mon Mar 23, 2020 12:48 pm

Exceeded the mini target, good, now watch carefully, don't blink, maybe, just maybe the knights in shinning armor finally come
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Re: 03/23/2020 Live Update

Postby EkOnkaar » Mon Mar 23, 2020 12:52 pm

Major support hit from 2016 highs.
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Re: 03/23/2020 Live Update

Postby Heck » Mon Mar 23, 2020 12:59 pm

Al_Dente wrote:Anyone...?


https://www.yardeni.com/pub/peacockbullbear.pdf
page 4
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