Nvidia/Inflation?/Silver/Copper:The Seven Day Scope (Snipers Only) Free report
“Nobody — I don’t care if you’re Warren Buffett or Jimmy Buffett — nobody knows if a stock will go up, down, sideways, or in f-ing circles,”
Nvidia… the stock of the year. The trade of the last two years. I KNEW IT WOULD END UP HERE. I am totally joking.
“Nobody — I don’t care if you’re Warren Buffett or Jimmy Buffett — nobody knows if a stock will go up, down, sideways, or in f-ing circles,” -Matthew McConaughey as Mark Hanna in The Wolf of Wall Street
No one knows where a stock will end up. What you can do is to put the probabilities on your side. Make sure a trade fits your criteria.
Let’s build it. What type of trader are you?
Let’s take a look at silver. The COT report is putting in a short term buy signal. This does not mean to buy here. It means that a reversal could be setting up. So we have checked one box.
Seasonality is not pretty for silver either.
The silver to gold ratio is looking weak as well. This tells us that the precious metals market is in more of a risk off posture.
Silver compared to SPY looks even worse. Showing absolutely no relative strength.
Lets look at the chart. Technically you could say the long term primary trend is up if you had to. I never make trades based on the primary trend. The primary trend is to show me if it is buyable if it comes in to a specific zone on my mean reversion system. That is it.
It is stuck on 3 moving averages and it has struggled getting above resistance.
COT-buy
Seasonality-Nope
Intermarket analysis-Nope
Systematic signals-Nope
TA-Nope
Fundamentally-Neutral
One thing I keep saying over and over again is that we are in a risk on environment any way you look at it. Most of the time that means that we will not see things like silver trending higher.
Overall my main point is to take a few things that you know how to use well on a consistent basis. Backtest these things and create systems around them. I don’t care if you are only good at one thing or 10. Figure out the way that works for you and stick with it.
While precious metals might not do well in this environment. Copper and Energy are poised to possibly start moving in this type of environment.
Copper is seeing a shit ton of commercial buying. What you might call smart money buying.
Energy is starting to move as well. We are still waiting to see it close over 93.50. We are long energy already and we have been long that sector in our long term portfolio for awhile. If you want to swing trade it, I would wait for it to cross major resistance.
These two developments would lead us in to our next market regime. The one I keep mentioning. Reflation. This is when commodities lead the way.
This will fuel a commodity rally. If they do cut, it will be absolutely insane to see the amount of inflation that is sitting under the surface.
Stay informed. Stay resilient. Against all odds.
Warm regards, Jason Perz
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Against All Odds Research
jperz1985@icloud.com
I will say it is damn hard to hold through earnings though (I didn't) and even harder to put it back on after. I watched it dip to $650 in the AH reaction and didn't have the guts, lol.
Nancy knows. Nancy always knows! Or looks like she does, in hindsight. What is her system?? 🤣 But yeah I like the breakout strategy on big tech, it works!