Thanks Randy!

If you are referring to the new features to the home page post comment section such as email subscriptions to be notified of new comments & replies, that feature should be working on mobile devices as well. As new software to the website has the potential to cause a conflict, the new features have been temporarily turned off recently & may continue to be until any & all bugs have been worked out but let me know if you don’t see the extra buttons/icons at the top of the comment sections on your mobile device going forward.

Hi Randy @rsotc
I did not have tight stop … so still in the trade but now /PA is already at 1729 level which I think is the lose uptrend line in the above chart you are talking about right …
Please let me know if its still objective to hold for swing

Thanks.. The suggested stop was 1722 but now its trading at 1724.. I guess it can go all the way up to Downtrend line before reversing …@rsotc , Thanks

Thx for your feedback. You may see the added comment features turned off & back on over the next week if troubleshooting any bugs with the new software but any posts comments that you subscribed to receive email notifications should be saved.

TSLA closed the AH session at 306 which puts in smack in back in the middle of the previous trading range from early 2017-early 2019. That’s what I call ‘no man’s land’ on a stock; trading between support & resistance.
Had I been caught on a short position on TSLA tonight, I would wait about 30-60 minutes after the opening bell tomorrow (to let the order imbalances clear out) and then set a GTC stop-loss order just above the HOD at that point. That would limit any losses to what had already been incurred up to that point yet allow for a partial or possibly even a full recovery, should the stock reverse & continue lower from there. Best of luck with the position.

thanks so much randy! I like the new comment features – very good!

Thanks Randy. I was shorting TSLA a couple days ago into the earnings as the weekly resistance seems to be pretty solid. Now it’s up by so much, and based on the previous trading range you pointed out in the new video, maybe I should cover it. And somehow we don’t have much profit-taking going on. Tough luck on this one

Yes & no. It was both a day trade opp with an entry on the drop below 1718 earlier today & the opportunity to book quick (day trade) profits when that 1705 minor support level was hit or a swing trade if one wants to hold out for the target zone around 1677 & possibly more than that might trigger a longer-term sell signal on this daily chart with a break below the uptrend line.

Now that /PA has already had a reaction off the first tag of the 1705 minor support, it is likely that if it turns back down here from this backtest of the 1718 level & starts another leg down that it will take out that support level the next time around.
As such, unless /PA is stopped out (either a tight stop around 1722 or a wider stop above the downtrend line I have since added to the updated 60m chart below) I would expect a move down to the top of the 1670-1677 target zone & look to cover slightly above the top of that zone.

@rsotc was this just a day trade ? /PA ?

Thanks ,I took one contract short , I would likely cover at 1700 or 1690 , what is short term target @rsotc?

It’s not uncommon for many brokers to not have availability of less actively traded stocks & ETFs available for their customers to short. Interactive Brokers caters to professional & active retail traders & typically has the best availability of HTB (hard-to-borrow) shares of stocks & ETFs for shorting. As of now, they are showing that they have plenty of shares of PALL available to short (at least 15,600 shares).
Unless you are an active trader, you might want to wait until PALL triggers a longer-term sell signal such as a break below the price channel/uptrend line on the daily chart that I covered in the video posted this afternoon. That would likely trigger a sell signal for a multi-week or month swing short trade on palladium whereas right now, I’m just focused on very short-term, relatively small percentage trades on /PA based off the intraday charts.

As there were also inquired on TSLA within the trading room, I covered it in the video that was just published on the home page.

I don’t believe so. It appears that those 60-min flags on /NQ & /ES, although still taking the shape of a bear flag pattern, are now too large in relation to the ‘flagpole’ which is the impulsive leg down leading up to the formation of the flag patterns, to be considered bear flag continuation patterns any more.
Of course, that in no way means that the indexes can’t or won’t make impulsive breakdowns below those oversized flags & drop from there, just that the symmetry on the flag patterns is no longer ideal.

Ok, got it. Thanks Randy!

$0.05 (5 cents) per troy ounce ($5 per contract)
Can someone explain this ? I trade ES mainly and tick on ES is 12.5 $, here its $5 per whole contract ?

PALL is not available to short is what I get when I try to short and no options ..

@rsotc : PALL is not available to short , Can I take /PA ?

Any chart requests for securities not covered in the post above a comment thread should be posted in the trading room, tagging the post with my username @rsotc. Thanks for your understanding.

/PA has been kind enough to offer another objective short entry on the bounce off that 1705 minor support level posted in the last update above, bouncing back to the 1718 R level (/PA just printed 1717.80, can’t ask for much more than that). Another objective short entry here with stops somewhat above 1720-1722.