Comments on: ACGL Swing Trade Setup https://rightsideofthechart.com/acgl-swing-trade-setup/ Stock Trading, Investing & Market Analysis Wed, 28 Feb 2024 16:18:47 +0000 hourly 1 https://wordpress.org/?v=6.9.4 By: Jeff Vandenburgh https://rightsideofthechart.com/acgl-swing-trade-setup/#comment-27499 Fri, 05 May 2023 15:16:45 +0000 https://rightsideofthechart.com/?p=211403#comment-27499 In reply to trade0039.

KRE was another big bullish divergence yesterday on the daily chart, and now up 6% on the day. I hope we can all get more comfortable seeing these types of setups and posting them. Gotta battle against the perma-bear slant that seems to permeate RSOTC.

]]> By: Jeff Vandenburgh https://rightsideofthechart.com/acgl-swing-trade-setup/#comment-27498 Fri, 05 May 2023 15:01:35 +0000 https://rightsideofthechart.com/?p=211403#comment-27498 In reply to thebeagle55.

Simple is best, in my opinion. Although it wasn’t easy to get long yesterday amidst all the chop, SPX came right down to very obvious support: the yearly pivot at 4050. As long as SPX stays above that level this year, then Buy the Dips!

]]> By: dbaldor https://rightsideofthechart.com/acgl-swing-trade-setup/#comment-27497 Fri, 05 May 2023 14:59:03 +0000 https://rightsideofthechart.com/?p=211403#comment-27497 Hi Randy – Have you ever traded REMX or some other proxy for rare earth metals?

]]> By: thebeagle55 https://rightsideofthechart.com/acgl-swing-trade-setup/#comment-27496 Fri, 05 May 2023 14:46:38 +0000 https://rightsideofthechart.com/?p=211403#comment-27496 In reply to trade0039.

if it were only that simple

]]> By: G https://rightsideofthechart.com/acgl-swing-trade-setup/#comment-27495 Fri, 05 May 2023 14:44:14 +0000 https://rightsideofthechart.com/?p=211403#comment-27495 Am exiting my shorts on the NDQ. Expect to see NDQ in the 14000 range. Looks like markets have corrected – in time if not in price.. And we resume to the upside from here.

]]> By: trade0039 https://rightsideofthechart.com/acgl-swing-trade-setup/#comment-27494 Fri, 05 May 2023 14:42:49 +0000 https://rightsideofthechart.com/?p=211403#comment-27494 In reply to Mikeflegel.

Yes I think I will start doing that…

Yesterday we had following:-

negative div on Gold, it is down 2%
positive div on Oil, oil is up 4.49%
positive div on SPY and QQQ, its up more than 1.5%
positive div on Copper, its up 1%

]]> By: Jeff Vandenburgh https://rightsideofthechart.com/acgl-swing-trade-setup/#comment-27493 Fri, 05 May 2023 14:38:36 +0000 https://rightsideofthechart.com/?p=211403#comment-27493 Nice looking reversals to the upside today for both stocks and commodities, as NFP showed very strong employment while the Fed has gone on pause. Economic conditions have essentially gone into “goldilocks” mode or better.

]]> By: Mikeflegel https://rightsideofthechart.com/acgl-swing-trade-setup/#comment-27492 Fri, 05 May 2023 14:32:22 +0000 https://rightsideofthechart.com/?p=211403#comment-27492 Randy oh yesterday you were all about short. That worked Good. Today with apple we’re going to the stratosphere period seems to me we need an update. Thanks

]]> By: Mikeflegel https://rightsideofthechart.com/acgl-swing-trade-setup/#comment-27491 Fri, 05 May 2023 14:31:15 +0000 https://rightsideofthechart.com/?p=211403#comment-27491 In reply to trade0039.

Nice, when you see something like that make sure Let us know. Thanks

]]> By: trade0039 https://rightsideofthechart.com/acgl-swing-trade-setup/#comment-27490 Fri, 05 May 2023 13:41:42 +0000 https://rightsideofthechart.com/?p=211403#comment-27490 AAPL broke higher! This market is all about divergence! Yesterday I saw the bullish divergence on both SPY and QQQ and today Market ripped higher yet again!

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