Nightly Briefing 6/7/20


More upside left in stocks as sentiment is not at an extreme level yet.

We will keep our outlook simple for the stock market. All the different indexes should rise into the end of the 2nd quarter, June 29th, from the Dow to Spx, Nasdaq, Russell (small caps) and Dow transports. We are looking for a top in late June or first few days of July with a double top or slightly lower high forming in mid-July. We should then get a serious correction into late August/September. Many things affect capital flows into the stock market so we may tweak this forecast slightly in the weeks ahead. We will utilize this bullish period to take profits in long-term positions.

BLMN has plenty of upside left into the end of June and early July. This is the time to manage anxiety to sell and take profits too quickly. Let the trade continue to work.


Sentiment has cooled off - a good sign for a new advance to begin.

The miner's at the end of the day follow Gold. They can deviate slightly for a few days but their destiny is ultimately linked.

Same sentiment cooling with GDX has occurred.

One more quick spike down may or may not occur early this week. We are close for a UNG move.


We plan to alert new trades this week. Make sure you are signed up for the HFZ alerts in the Gold portal.


A note about our charts and why we use Stock Charts for our briefings: We have proprietary charting software that we post at times in our briefings and use daily.  However, most of our members interact with our site through a mobile device and the overwhelming feedback from members is that these are easiest to read and interpret on a mobile device. We are always happy to hear your preferences and recommendations.

HFZ



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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.  

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