Comments on: Big 3 & Mag 7 Analysis 2-2-24

By: trade0039

trade0039 — Mon, 05 Feb 2024 14:32:38 +0000

Randy What’s your thought on NVDA, AMD, AVGO and TSM?

Didn’t they burn the Divergence already?

By: seasix

seasix — Mon, 05 Feb 2024 12:57:52 +0000

today NVDA up 25 points pre-market. This constant negative projections by Randy is totally lost. Reading spaghetti charts and totally ignoring outside factors is killing people

By: william9in

william9in — Fri, 02 Feb 2024 22:15:39 +0000

In reply to Bert. You're right. I give 100% more relevance to the trend. This is an up-down volume chart. The trend looks like it's starting to turn down of course it's not a Sell signal. It just tells me to start being cautious.

By: william9in

william9in — Fri, 02 Feb 2024 21:52:13 +0000

Hi.

By: Bert

Bert — Fri, 02 Feb 2024 21:44:41 +0000

In reply to seasix. Thanks for the support. I have loss a lot of money shorting but what worries me is this negative bias I developed. I am always looking to reverse. Divergence, Support and Resistance mean very little, they are distractions, it is all about the trendline and it is usual going up.

By: william9in

william9in — Fri, 02 Feb 2024 21:38:28 +0000

I don’t know why you guys didn’t buy Apple, there is a clear buy signal right at the bottom with divergence. ;)

By: seasix

seasix — Fri, 02 Feb 2024 21:18:56 +0000

In reply to Bert. Been the general theme of all videos since Dec 2022 when QQQ was around 290. Any 1 or 2% rise and then the yellow down arrows come out.

By: Bert

Bert — Fri, 02 Feb 2024 21:14:18 +0000

Another day of losses trying to short a rising market. I obviously don't understand how to use the analysis provided on this site. What worse I have lost the ability to follow an uptrend line for profit, I spent the whole day following NQ uptrend waiting for it to break instead of entering long. I cannot watch these videos and remain unbiased, it alway sounds like a market crash is imminent. So after 5 years, I am ending my membership.

By: KevinK

KevinK — Fri, 02 Feb 2024 20:36:31 +0000

META up $200 billion today
What does it care if interest rates are 1% higher or lower.

By: KevinK

KevinK — Fri, 02 Feb 2024 20:34:55 +0000

In reply to hotrodricky. Everything is getting above resistance or will be soon.

By: hotrodricky

hotrodricky — Fri, 02 Feb 2024 20:30:03 +0000

DOW ATNH I think this show the health of the stock market?

By: hotrodricky

hotrodricky — Fri, 02 Feb 2024 20:25:40 +0000

XLF above resistance

By: hotrodricky

hotrodricky — Fri, 02 Feb 2024 19:53:14 +0000

bear market??

By: Mikeflegel

Mikeflegel — Fri, 02 Feb 2024 17:54:31 +0000

What I heard you say in free market was? Prepare yourself for short side objective. I do not remember hearing for me aapl is screaming by At 180.

By: trade0039

trade0039 — Fri, 02 Feb 2024 17:53:23 +0000

In reply to trade0039.

Also I want to mention, we all know Mag 7 have been doing all the heavy lifting and could do forever for many years in future however, we mostly trade QQQ and SPY and we have to consider the fact while doing TA that Mag 7 may lift the entire market another 30% higher from here.

Imagine if NVDA crush earnings big time and lift the entire market higher yet again!

I read an article saying the AAPl is now bigger than entire Russell 3000 combined. Which to me feel like AAPL will only get bigger and Russell 3000 will most like get even smaller!

Breadth is showing sign of weakness since the beginning of 2023 and may continue for next 5 years.

By: trade0039

trade0039 — Fri, 02 Feb 2024 17:44:28 +0000

Your short call on META came last year on 21 July and outlined target for META was $155.

NVDA short call was on 5th April and again on 9th August with minimum target of $318

By: seasix

seasix — Fri, 02 Feb 2024 17:43:58 +0000

When you have trillion dollar stocks going up 23% in one day this is not a market that can be shorted. Something is wack. Either go long or just be happy with 5% in treasuries. Nobody know when this will stop.