03/23/2020 Live Update

[Heck]

$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

[Al_Dente]

moments ago
"Fed Will Limit Buybacks & Dividends For Companies Using Its Credit Facility"

[Al_Dente]

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…

[Al_Dente]

"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

[Cobra]

Valid break down, so this bear shall have legs.

[Heck]

Dow wipes out all the gains since Trump’s election

BULLYA

[Heck]

SPY BUYING > 218.26

[Al_Dente]

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"

[Cobra]

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

[Cobra]

Multiple resistances here. Need break EMA20 decisively in order for bulls to have hopes.

[Junior Buffett]

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!

[Al_Dente]

AD
1/VIX
leveraged ETFs
5min

[Al_Dente]

"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..."

[Cobra]

Still fight the EMA20, need exceed the mini target (pink area) for bulls to see hopes

[Al_Dente]

Schumer, moments ago, our goal is to reach a deal today
“we are close”
[He also said that earlier today]

[Al_Dente]

BA halted, news pending

[Al_Dente]

CNBC has a parade of pundits on, mostly talking about "nibbling"
Oy

[Cobra]

Exceeded the mini target, good, now watch carefully, don't blink, maybe, just maybe the knights in shinning armor finally come

[EkOnkaar]

Major support hit from 2016 highs.

[Heck]

Anyone...?

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