Elazar was launched in 2004 by Chaim Siegel and has served famous hedge fund clientele who demand a keen understanding of drivers of individual companies and financial markets. Chaim twice worked for renowned trader Steve Cohen of then-SAC Capital (now Point72). He was also a partner at JLF Asset Management which was funded by George Soros. Previously he was one of seven analysts on a $13B mutual fund at Morgan Stanley Asset Management. Elazar Advisors publishes its research into the Reuters/Refinitiv Institutional Platform and Factset where Elazar's earnings estimates are factored into the Street earnings numbers.  Elazar's research is used regularly by fundamental and algorithmic traders and investors at some of the largest mutual fund and hedge fund managers in the world. Chaim has been a 5-Star top ranked analyst in Tesla and other big cap tech companies. Try us with a  free trial here . All investments have many risks and can lose principal in the short and l

Potential Bounce But Then Down to SPY 200

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Here's some of the notes we told subscribers today. While we've been sharing this weekly publicly, subscriber receive this and other reports intraday & daily on tech, trading and markets including our world ranked stock picks, timing calls and live chat. To see our full comments along with specific daily stock picks click here.

Quick Review

The last two weeks each Sunday we called for new stock market lows (here and here). Three weeks ago we called for a bounce and got one. On February 23rd we called a key level that ended up being the initial break of this bear market drop.

Stock Market: What Now?

I think that this straight line down can continue until 200 SPY. It can get there or near-by at week's end at this pace. If that's correct it means short rallies to 235-240.

Jobless claims jumped on Thursday. This week they should jump again. That tells you we are currently in the recession.

Why is the market down 30%? Because jobless claims just jumped 40%. The market predicted that. Next week jobless claims are supposed to jump again giving you some perspective how there's still stock market downside.

The number of new Covid-19 cases day-to-day are not slowing. If anything I think the number can accelerate as test kits start getting distributed and the true numbers start turning up.

Governments are in the process of starting to shut down more and more. Some did already but most of the world is still reacting including the US.

Even Italy that shutdown is still seeing a surge in numbers.

That tells me there's still fundamental risk. Remember, this global stat of new cases day-to-day is the most important number in the world for everybody personally and business-wise. It's amazing how the entire world is all inter-connectedly dependent on this one outcome.

I think though that after this virus is contained there is a going to a be a huge V-shaped recovery sending the market flying based on all this government and Fed intervention. President Trump is doing everything he can right now to drive stimulus. That will likely end up benefiting him right when elections occur.

I hope, pray and believe that the virus will peak and start to be maintained at some point in the next month or two.

I expect to continue to have intraday calls as well in this market. This is a wild market which is great for trading. For those trades tune into chat.

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All investments have many risks and can lose principal in the short and long term. The information provided is for information purposes only and can be wrong. By reading this you agree, understand and accept that you take upon yourself all responsibility for all of your investment decisions and to do your own work and hold Elazar Advisors, LLC, and their related parties harmless. All trades are hypothetical to show rating and opinion. All trades exclude relevant transaction costs. We have no holdings in the stocks mentioned unless otherwise noted.

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