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Was the 3 week correction in markets all we are going to see?

Cory
March 8, 2021

TG Watkins, Director of Stocks at Simpler Trading joins me to share his outlook for US markets and yields. It was 3 weeks ago the TG was telling us a lot of his stops were being triggered. After sitting on the sideline since that time he is now putting money back into the markets. He shares his strategy and the sectors he is liking at these levels.

Click here to visit the Profit Pilot website to keep up to date with TG and his trades.

Discussion
19 Comments
    Mar 08, 2021 08:59 PM

    What is the richest man doing, when everyone else is selling Henry S Potter the meanest man in the community is buying. LOL! DT

      Mar 08, 2021 08:36 PM

      DT – It looks that way, as Sprott has put in to buy significantly more Silver for the PSLV.
      ______________________________________

      Sprott Physical Silver Trust (PSLV) files a new shelf offering ($3 Billion)

      March 07, 2021 – BullionStar @BullionStar on Twitter

      “Sprott Physical Silver Trust (PSLV) files a new shelf offering enabling it to issue shares up to the value of US $3 billion in the next 2 years. Bottom line, if demand dictates PSLV can issue these shares and go out and buy 3,500 more tonnes of silver.”

      https://twitter.com/BullionStar/status/1368826503727841283

      Mar 08, 2021 08:45 PM

      I did plenty of buying today myself, DT.

        Mar 08, 2021 08:15 PM

        If I’d have squirreled away more funds there are some stocks it would have been nice to have added to today, but unfortunately I shot off most of my remaining dry powder last week, and I’m hanging onto the small amount I have left for any extreme selling we may see.

        The good thing is that a number of stocks had bounced up to higher levels today than where they were trading on Thursday & Friday last week, so it would be nice to see that trend continue for a while, even if we only get the small bump for a few weeks that some are expecting in March before more correcting and basing.

          Mar 09, 2021 09:56 AM

          I bought some large caps yesterday. Shopping again today.

        Mar 09, 2021 09:14 AM

        Matthew – Were you buying PSLV?

          Mar 09, 2021 09:28 AM

          No, just miners.

    Mar 08, 2021 08:18 PM

    Gwen Preston of Resource Maven presents at the March Virtual MIF 2021

    “Metals Bull Market Dead Ahead! But gold will need some patience..”

    Metals Investor Forum #VIDEO

    https://youtu.be/_WEiBby1o_U

      Mar 08, 2021 08:20 PM

      Greg McCoach of The Mining Speculator presents at the March MIF 2021

      > “‘Is this the bottom for Gold?”

      Metals Investor Forum #VIDEO

      https://youtu.be/bnukoer8psE

      Mar 08, 2021 08:46 PM

      Clynt Nauman of $AXU Alexco Resource presents at the Virtual on March 4-5 , 2021

      Metals Investor Forum #CorporatePresentation #VIDEO

      https://youtu.be/Ns7gTYr01s4

        Mar 08, 2021 08:49 PM

        Darwin Green of $HIGH $HGGOF HighGold Mining presents at the Virtual MIF – March 4-5 , 2021

        Metals Investor Forum #CorporatePresentation #VIDEO

        https://youtu.be/G30YVvBE8GQ

          Mar 08, 2021 08:53 PM

          Claudia Tornquist of $KDK $KDKCF Kodiak Copper presents at the Virtual #MIF – March 4-5 , 2021

          Metals Investor Forum #CorporatePresentation #VIDEO

          https://youtu.be/gxOCxiZg-5w

    Mar 08, 2021 08:41 PM

    Good editorial discussion today from TD Watkins, and there are a few more opportunities setting up in the General Markets and various sectors like Cannabis. I’ve been starting to position in a few pot stocks like Delta 9, IM Cannabis, (had Fiore cannabis briefly), and have been accumulating a position in the cannabis ETF (MJ) and swing trading it over the last few weeks as the sector has corrected.

    Another sector that is correcting down from highs is the psychedelic therapies stocks, and I’ve been building positions in a few like Mind Medicine, HAVN Life Sciences, and Mydecine Innovations as they’ve pulled back.

      BDC
      Mar 09, 2021 09:00 AM

      Ex, because everything is done manually (for now) things are missed: Lithium will likelyl hit MaxSat(7) LOW today (LIT-BATT).

      I may change tack and target only hot buy/sell pockets. Suggestions?

        BDC
        Mar 09, 2021 09:07 AM

        Check out Chris Temple pick: LITOF

          BDC
          Mar 09, 2021 09:10 AM

          Another is aghead’s REZZF

    Mar 09, 2021 09:48 AM

    Things looking good this morning until pre-market hit on Palladium and copper. Still 45 mins left to see how many bogus contracts they throw at gold/silver/plat. Maybe some confusion on todays game plan as some are still hanging around the coffee machine.