The day the market will crash in 2022
by gmollander | January 13, 2022 4:05 pm
Stansberry research Greg Diamond says he knows when the next market crash is coming . He is hosting an “event ” today at 8pm eastern . Does anyone have any ideas about what he is pitching ?
Source URL: https://www.stockgumshoe.com/2022/01/microblog-the-day-the-market-will-crash-in-2022/
Diamond is predicting the market will begin to crash on Feb 11, 2022. At that time he recommends buying a June 440 Put to take advantage of the downward move he sees coming in the markets.
What is his rationale for that precise date, do you know?
based on Gann Cycles and his past trades and performance have all come from following the Gann Cycle dates. I have been looking into Gann cycle dates and the calendar did predict market lows for years of 1987, 2008. Attached is the Gann cycles i downloaded and it is very interesting and seems to make sense. As for following Diamond and his picks & dates the cost is $2,000.00 and it may very well be worth. I will buy puts and short the market coming into mid Feb after earnings season. Good Luck All
luipino, If you don’t mind, can you explain why in this chart the year 2024 is highlighted in red as the Crash Year instead of 2022? I watched the webinar and Diamond was so confident that stocks will start plummeting in Feb 2022 — i.e. following Gann’s 90-year cycle in which 2022 will be a reversal of 1932.
Perhaps I am not reading your attachment correctly?
Also, for those not trading in Options, is there an equivalent price range using regular trading for the SPY puts that Gann plans to trade?
Today is Feb. 11th.
Seems Greg Diamond was quite precise!
Surely just coincidence though with the Russian-Ukraine sit destabilising mkts today..? Am sincerely hoping it’s not the big one as he predicts!
Was it not? 🙂
That trade rec. is on SPY
Like Travis, I am using QQQ as a proxy for smaller cap than SPY (S&P 500). I have QQQ Puts at 300. I was going to start up a monthly roll of hedging puts and got the June 30s in first. I was going to buy May 20 Puts today and then roll into July, August, etc., keeping a four-month series of Puts in place. But the market dropped out from under my May QQQ Put order before any action. The June Puts did well today, of course, but I missed a big win on the May Puts.
I bought June 17 SPY Puts at 339. Good so far.
Can someone recommend at what level of profit is best to sell these?
Apparently Greg Diamond is pitching Options to play right before/during the crash he predicts. Am quoting him (verbatim) on 5 of the 10 stocks/ETFs below. However, timing is crucial, so when to make the moves is when he says so — to be obtained by subscribing to his newsletter. But of course.
“Here are the 5 stock picks from our Crash 2022 event this week:
Treasury Bond ETF (TLT)
Gold Miners ETF (GDX)
Advanced Micro Devices (AMD)
Caterpillar (CAT)
SPDR S&P Trust (SPY)
But I do NOT recommend you buy these stocks.
Instead, I recommend you place a special transaction – for the chance to double your money on each stock – without buying a single share.”
Is he saying to buy puts on these 5 stocks? sorry for my confusion…
Your question would be best answered by one that trades Options and is a subscriber to Diamond’s newsletter. Sorry, I’m neither. The stock picks mentioned above were freebies listed in an ordinary email. However, based on a couple of responses above, it would seem Diamond is talking about Puts.
He is now pedicting May 26 as an important date, and looking at a Gann chart it actually would be the turning date for a huge bear market rally. Wondering if anyone has subsvribed to hs Ten Stock Trader service?
This is a poor service! Or disservice. He recommends call and put options for about 10 stocks or funds, hence the brilliant name. And he uses a lot of TA to tell us exactly what will happen, often with nearly 100% confidence. I bought into it in December 2020 and after several losing trades and several thousand dollars, I canceled and used the money for another Stansbury service (I’m pretty much done with them by now tho). Unfortunately, however, they kept my phone app access, and over the past few months, I’ve looked at it again and placed a few more trades. Bad idea. He recommended FedEx puts in May, Apple puts in June, and IWM puts in July. These are Aug and Sept expiration puts. Look what these stocks have done over these weeks! I put a few hundred into each and lost 90+%. I buy some options on my own and make out MUCH better. A healthy profit even. Don’t know how he still has this gig going. I mean, I don’t want to hate on him, but for me his results do suck, and perhaps you all should stay away. I’ve deleted the app, BTW.
One other thing, not sure why he’s apparently not reviewed here on Gumshoe under the Newsletters. I may have to cut and paste this….
The Ten Stock Trader newsletter is reviewed on Gumshoe. Dusty3 did an extensive study of all his recommendations going back to mid-June of 2021. It covers about 70 recommendations. The results were quite good. I am a recent subscriber and have traded his three recommendations since, all of which have now closed. I made really nice profits on all three. Small sample, but that’s my experience.
Greg Diamond says the stock markets will have a Massive: AfterShock on Sept. 6th 2022 and his “FREE” option pick is Buy The Spy 2022 12/16 275 PUTS.
Now Phil Anderson is giving a presentation about the Gann chart. The consensus of his presentation seen 9/9./23 is a bull market for several years to come. Or a Melt Up like Dr. Sjuggerud likes to call it.