Jun 17, 2020
Market cCycles are topping in a week. Time to get out of the market and buy the VIX. Charles just had a huge VIX trade last week buying calls. Nasdaq hits a new high based on the Fang stocks.
Charles also had an amazing call on Crude Oil. He was calling for a decline to $4.90 per barrel. Starting selling it at $68 per barrel and closed position out at $4.90.
Always remember when it happens is much more important than what will happen. The virus happened and then the cycle came to pass. A second cycle of Covid 19 is in the cards. The virus will mutate and second wave comes in the fall.
Gold is consolidating now, Charles got out in the 1760’s. 6 weeks or so to two months we could see a move. Charles is negative on bonds, liquidity crisis. Dollar has a bounce and goes down again. Euro is going to have 2020. Bitcoin has no fundamentals and trades purely on emotion.Before news markets still behaved according to cycles. There was no fundamental analysis. RobinHood will end in tears.
History is God’s story and mystery is my story.Social unrest cycle will be far worse than in the 1960’s. Political correctness is death sanity and rationality.
Charles talks about Tesla, cycle is up until middle November. Upside target is $1128. Sell signal will be given if it closes $933.
War cycle is slowly coming up with China. It will end in a big conflict, but social conflict is far more threatening.