Holy $Hit: This Chart Will Make You Freak Out And Rethink Everything I spend a majority of every waking hour studying the stock charts. I came across this insanity just by being curious. This makes me fear for 2017 and the next few years. I expect the next major stock market collapse to begin in 2017. Let me explain, basically, if you take the late 1990's tech bubble move on the $SPY and add it to the 2003-2007 real estate bubble move in the $SPY you get a total net move of $163.25. Now speed ahead to the 2009 lows in the $SPY. From the 2009 lows to current highs, the $SPY has moved $161.00 points. If my calculations are correct, the $SPY will likely top out into the end of 2016 by moving up another $2.25. This would mean the tech bubble move + the real estate bubble would equal the exact move from 2009 to the coming highs on the $SPY at $231.00. This tells of a dark scary collapse coming with a downside target of $156-$157.50. I am extremely bearish for 2017. Gareth Soloway InTheMoneyStocks
Where I Will Accumulate UGAZ: 3X Long Natural Gas ETF Natural gas is taking another beating today, dropping by over 5%. As it comes crashing down, many investors have asked me where I would buy the commodity. More specifically the UGAZ, the 3X Long Natural Gas ETF. When it comes to finding major support, I always look at the single ETF. This is because it does not lose such massive value over a small period. As everyone should know, all triple and double ETF's always head to zero quickly. They are only short term trades. For natural gas, I analyzed the United States Natural Gas Fund, LP (NYSEARCA:UNG). It is trading at $7.80 but does not have major support until it gets into the $7.00 to $7.15 range. Once the UNG gets to this range I will be a buyer of the UGAZ, expecting a sharp bounce and able to multiple my gains 3X. This will be a quick bounce and not something you want to marry for months. Gareth Soloway InTheMoneyStocks
