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	Comments on: Closing Market Wrap 7-27-23	</title>
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	<description>Stock Trading, Investing &#38; Market Analysis</description>
	<lastBuildDate>Fri, 28 Jul 2023 15:12:18 +0000</lastBuildDate>
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		<title>
		By: seasix		</title>
		<link>https://rightsideofthechart.com/closing-market-wrap-7-27-23/#comment-28839</link>

		<dc:creator><![CDATA[seasix]]></dc:creator>
		<pubDate>Fri, 28 Jul 2023 15:12:18 +0000</pubDate>
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					<description><![CDATA[In reply to &lt;a href=&quot;https://rightsideofthechart.com/closing-market-wrap-7-27-23/#comment-28837&quot;&gt;seasix&lt;/a&gt;.

would be easier to read if my paragraph breaks stayed. Don&#039;t know why it removes them.]]></description>
			<content:encoded><![CDATA[<p>In reply to <a href="https://rightsideofthechart.com/closing-market-wrap-7-27-23/#comment-28837">seasix</a>.</p>
<p>would be easier to read if my paragraph breaks stayed. Don&#8217;t know why it removes them.</p>
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		<title>
		By: seasix		</title>
		<link>https://rightsideofthechart.com/closing-market-wrap-7-27-23/#comment-28837</link>

		<dc:creator><![CDATA[seasix]]></dc:creator>
		<pubDate>Fri, 28 Jul 2023 15:10:43 +0000</pubDate>
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					<description><![CDATA[In reply to &lt;a href=&quot;https://rightsideofthechart.com/closing-market-wrap-7-27-23/#comment-28836&quot;&gt;rsotc&lt;/a&gt;.

Yesterday at the lows you commented to this...


If you mean that you bought SQQQ (shorted the Q’s) to fade the rally today &#038; are wondering whether to book the quick profits or let it ride, my preference would be a stop at entry, today’s low (on SQQQ/high on QQQ), or somewhat above to assure profit and then let it ride as today’s hard fade of a big gain in the Q’s, assuming it sticks or gets built upon into the close today, is quite bearish &lt;abbr class=&#039;c2c-text-hover&#039; title=&#039;In My Opinion&#039;&gt;IMO&lt;/abbr&gt;.


So you tell the member stay short with a stop at entry, then here you say you reversed long at that point. Why the mixed messages?]]></description>
			<content:encoded><![CDATA[<p>In reply to <a href="https://rightsideofthechart.com/closing-market-wrap-7-27-23/#comment-28836">rsotc</a>.</p>
<p>Yesterday at the lows you commented to this&#8230;</p>
<p>If you mean that you bought SQQQ (shorted the Q’s) to fade the rally today &amp; are wondering whether to book the quick profits or let it ride, my preference would be a stop at entry, today’s low (on SQQQ/high on QQQ), or somewhat above to assure profit and then let it ride as today’s hard fade of a big gain in the Q’s, assuming it sticks or gets built upon into the close today, is quite bearish <abbr class='c2c-text-hover' title='In My Opinion'>IMO</abbr>.</p>
<p>So you tell the member stay short with a stop at entry, then here you say you reversed long at that point. Why the mixed messages?</p>
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		<title>
		By: rsotc		</title>
		<link>https://rightsideofthechart.com/closing-market-wrap-7-27-23/#comment-28836</link>

		<dc:creator><![CDATA[rsotc]]></dc:creator>
		<pubDate>Fri, 28 Jul 2023 14:53:02 +0000</pubDate>
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					<description><![CDATA[In reply to &lt;a href=&quot;https://rightsideofthechart.com/closing-market-wrap-7-27-23/#comment-28833&quot;&gt;trade0039&lt;/a&gt;.

Yep. The bought the dip right where expected &amp; that&#039;s why I posted the setup for active traders to cover any QQQ or /NQ short &amp; reverse it to long for a bounce trade exactly at the lows shortly before the close yesterday. Until both /NQ &amp; QQQ solidly take out their 60-min &lt;abbr class=&#039;c2c-text-hover&#039; title=&#039;An uptrend occurs when a security or index is making a series of higher highs &#038; higher lows.&#039;&gt;uptrend&lt;/abbr&gt; lines as well as until AAPL &amp; AMZN earnings are out of the way next week, I will continue to post more short-term analysis &amp; trade ideas like that.The tech-heavy Nasdaq will likely continue to grind around until those two top-heavy leading tech stocks report next week, making the NDX more conducive to very short-term swing trading than typical swing or trend trading &lt;abbr class=&#039;c2c-text-hover&#039; title=&#039;In My Opinion&#039;&gt;IMO&lt;/abbr&gt;.]]></description>
			<content:encoded><![CDATA[<p>In reply to <a href="https://rightsideofthechart.com/closing-market-wrap-7-27-23/#comment-28833">trade0039</a>.</p>
<p>Yep. The bought the dip right where expected &#038; that&#8217;s why I posted the setup for active traders to cover any QQQ or /NQ short &#038; reverse it to long for a bounce trade exactly at the lows shortly before the close yesterday. Until both /NQ &#038; QQQ solidly take out their 60-min <abbr class='c2c-text-hover' title='An uptrend occurs when a security or index is making a series of higher highs &amp; higher lows.'>uptrend</abbr> lines as well as until AAPL &#038; AMZN earnings are out of the way next week, I will continue to post more short-term analysis &#038; trade ideas like that.The tech-heavy Nasdaq will likely continue to grind around until those two top-heavy leading tech stocks report next week, making the NDX more conducive to very short-term swing trading than typical swing or trend trading <abbr class='c2c-text-hover' title='In My Opinion'>IMO</abbr>.</p>
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		<title>
		By: trade0039		</title>
		<link>https://rightsideofthechart.com/closing-market-wrap-7-27-23/#comment-28835</link>

		<dc:creator><![CDATA[trade0039]]></dc:creator>
		<pubDate>Fri, 28 Jul 2023 14:39:56 +0000</pubDate>
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					<description><![CDATA[According to this chart we could be in a new Bull market!]]></description>
			<content:encoded><![CDATA[<p>According to this chart we could be in a new Bull market!</p>
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		<title>
		By: KevinK		</title>
		<link>https://rightsideofthechart.com/closing-market-wrap-7-27-23/#comment-28834</link>

		<dc:creator><![CDATA[KevinK]]></dc:creator>
		<pubDate>Fri, 28 Jul 2023 14:32:07 +0000</pubDate>
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					<description><![CDATA[In reply to &lt;a href=&quot;https://rightsideofthechart.com/closing-market-wrap-7-27-23/#comment-28833&quot;&gt;trade0039&lt;/a&gt;.

Nothing&#039;s changed...
It&#039;s buy the dip in &#039;23.
Even after a one day mini drop.
All the &quot;Magnificent 7&quot; up 2 and 3 %.
Meta up almost 4%.]]></description>
			<content:encoded><![CDATA[<p>In reply to <a href="https://rightsideofthechart.com/closing-market-wrap-7-27-23/#comment-28833">trade0039</a>.</p>
<p>Nothing&#8217;s changed&#8230;<br />
It&#8217;s buy the dip in &#8217;23.<br />
Even after a one day mini drop.<br />
All the &#8220;Magnificent 7&#8221; up 2 and 3 %.<br />
Meta up almost 4%.</p>
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		<title>
		By: trade0039		</title>
		<link>https://rightsideofthechart.com/closing-market-wrap-7-27-23/#comment-28833</link>

		<dc:creator><![CDATA[trade0039]]></dc:creator>
		<pubDate>Fri, 28 Jul 2023 14:06:29 +0000</pubDate>
		<guid isPermaLink="false">https://rightsideofthechart.com/?p=211993#comment-28833</guid>

					<description><![CDATA[Yesterday&#039;s sell of has been bought up back yet again!]]></description>
			<content:encoded><![CDATA[<p>Yesterday&#8217;s sell of has been bought up back yet again!</p>
]]></content:encoded>
		
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		<title>
		By: Mikeflegel		</title>
		<link>https://rightsideofthechart.com/closing-market-wrap-7-27-23/#comment-28832</link>

		<dc:creator><![CDATA[Mikeflegel]]></dc:creator>
		<pubDate>Fri, 28 Jul 2023 13:43:52 +0000</pubDate>
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					<description><![CDATA[Randy comma could I ask for more frequent and the best things you have please]]></description>
			<content:encoded><![CDATA[<p>Randy comma could I ask for more frequent and the best things you have please</p>
]]></content:encoded>
		
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