SPX, Gold, & Bonds

By Bennett Tindle March 4th, 2020

I said it last week, and I’ll say it again. Don’t be a hero. Catching a falling knife in an environment like this can certainly sting. Obviously from an equity investment standpoint if you are looking to deploy capital into these lows, the more power to you. I certainly wouldn’t be looking to put all my eggs in one basket, or even deploy all available capital at once. That is simply foolish and counterproductive. A systematic approach to investing will yield significantly greater long-term results than trying to go all in on every dip. Yes, we’ve been in a “buy the dip” market following the breakout from last October, but that could very well be coming to an end. As you’ll see in the video below, we are still anticipating additional downside inthe Dow Jones, S&P 500 and Nasdaq 100. We’re sitting tight and awaiting the appropriate time to tackle a secondary move lower in the indices. If you are interested in tracking our trades and investments in real time, please visit our website and signup for a trial or membership today. Not only do we cover Stock & Options, but we also have a dedicated Forex and Cryptocurrency service.

Yet another massive swing in the indices, and right in line with our expected wave interpretation. Yes, it might seem tempting to jump in SPY calls and shoot for the stars, but a secondary round of CoronaVirus driven fear will send us right into the expected and projected C wave decline. We don’t think a bear market is here, but we also don’t see this as the start back to new highs. We’ll be sure to keep you apprised as price action develops!

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Thanks for tuning in and I’ll see you next week!