Nightly Briefing 5/11/20


The McClellan Oscillator is overheating but that doesn’t mean it can’t stay in overbought conditions for a few more days. Markets tend to rebound higher than most traders expect. Dumb money shorts too early and fuels short covering. We will wait patiently for a turn. SPXS will most likely be our vehicle to short the SPX.



We are watching SPY targets of 298 and 304 as entry points for our short. The SPY tracks the S&P 500.



NDX is the leader of the big three indexes . QQQ 230 and NDX 9500 very doable on this next push.

All of our AI and algos have analyzed every possible trajectory for UNG over the next 30 days and nothing has changed. We expect early June to usher in higher prices. If you are new to natural gas these kinds of swings are customary. We didn’t think once about selling our UNG at 14.85 the other day, we expect much higher prices. As customary 80% of the gain will come over 20% of the time so please be patient and ignore the daily noise. Please look at our projected path for UNG below.

A spike well over $16 is projected. We do expect the continued rebound from last weeks pullback to last into the week of May 18th. We favor our next short term top May 19th. Please do not attempt to follow us using leverage on this micro/short term date. Keep your eye on the prize which is early June. 

Bitcoin is headed lower into June. Only a breakout above 10k would change our thinking.

The metals are in whipsaw mode which is very hard to trade and make money and can be quite frustrating. Gap and go trending trades don't occur every month. The market moves on its timeframe not ours. The last thing one wants to do when whipsaw and chop is present is over trade. You will burn a huge amount of mental capital which will lead to revenge trades and a lack of discipline.

big. However, we do expect the miners to rebound into the end of the week. Expect tomorrow to possibly see a turn around in the metals, Wed. the latest . This will be a choppy uptrend into early June. NUGT can hit 85-90. June 9-10th is a target top.

HFZ

©2020 Hedge Fund Z

 

 

 

 

 

 

 

 

 

Important Disclosures: Investing in the financial markets can involve considerable risk, including loss of principal. Past performance is not necessarily an indication of future performance.  Actual clients may achieve results materially different from the results portrayed.  All material is for informational and educational purposes only and is not investment advice and is not meant to suggest that any securities are suitable investments for any particular investor.  All information reflects our own actions, beliefs, and processes for purely informational purposes. HEDGE FUND Z LLC IS A FINANCIAL BLOG FOR THE SOLE PURPOSE OF EDUCATION.  HFZ does not represent themselves as acting in the position of an investment advisor or investment manager for funds that are not under their direct control and fiduciary responsibility. 

 

Third party quotes and information may not be representative of the experience of HFZ customers and do not represent a guarantee of future performance or success. Many of the results displayed on our website were achieved using leverage, such as 2x or 3x leveraged ETF's or equity options 

 

The information included at HFZ and HFZ writing, research, and updates is prepared for educational purposes and is not a solicitation, or an offer to buy or sell any security or use any particular system.  Information is based on historical research using data believed to be reliable, but there is no guarantee as to its accuracy. HFZ does not represent themselves as acting in the position of an investment adviser or investment manager for funds that are not under their direct control and fiduciary responsibility. HFZ will not provide you with personally tailored advice concerning the nature, potential, value or suitability of any particular security, portfolio or securities, transaction, investment strategy or other matter.  

 

No information, nor any opinion expressed on the Site or in the Services, shall constitute a solicitation or an offer to buy or sell any securities mentioned therein.  The information presented on the Site and in the Services has been prepared without regard to any particular investor's investment objectives, financial situation, needs, capacity, and trading ability or experience. Accordingly, you should not act on any information on the Site or in the Services without obtaining specific advice from your financial advisors and should not rely on information herein as the basis for your trading and/or investment decisions.  HFZ cannot claim or represent that any of our Services are suitable for you. 

 

By your use of the Site and Services, you're agreeing that you bear responsibility for your own investment research, trades, and investment decisions. Only you can decide whether or not a trade is right for you and you agree to be liable for any trades you initiate at your brokerage using research and/or tools that we provide. If you ignore our advice to do independent research and choose instead to trade solely on information, analysis, alerts or opinions found in our Service or website, you have made a conscious, willing, free, and personal decision to do so. You also agree that HFZ, its directors, its employees, subsidiaries, affiliates, and its agents will not be liable for any investment decision, trade made or action taken by you and others based on news, information, opinion, or any other material published through our Site and Services.  

For additional important risks, disclosures, and information, please visit www.hedgefund-z.com/terms-and-conditions.