The whipsaw in stocks we expect to continue until mid April before a sustained bounce into early May. We expect a brief break of 20000 on the DOW between April 15-21. It will represent a great buying opportunity for a rip your face off rally. The news headline the media will attach to the rally will most likely be a peak in new cases with good news on treatment of Covid-19 from various drugs being tested now. A short term peak should occur early next week not much higher from current levels. We intend to execute our buys with surgical precision in the coming weeks using leverage. Our trade of TQQQ from 33 to 50 was a great return. We anticipate a bigger return on the next trade into May.
As we have said in our recent reports, gold will not break out until our cycle low comes in April 10-13. That buy-point will usher in a rally into early to mid May. The target in May will be a lower high or possible bull trap just breaking through 1710 then violently reversing lower in to June. Gold will bounce around the next few days into our bottoming date. This will be a very profitable counter trend rally. We plan to participate of course.