Comments on: Early-session Stock Market Analysis 9-9-24 https://rightsideofthechart.com/early-session-stock-market-analysis-9-9-24/ Stock Trading, Investing & Market Analysis Mon, 09 Sep 2024 16:13:59 +0000 hourly 1 https://wordpress.org/?v=6.9.4 By: rsotc https://rightsideofthechart.com/early-session-stock-market-analysis-9-9-24/#comment-33550 Mon, 09 Sep 2024 16:13:59 +0000 https://rightsideofthechart.com/?p=215131#comment-33550 In reply to rsotc.

Would welcome feedback on whoever thumbs down this chart/reply on XLF as to why? That 44ish BOD support was & still remains a key support level on the financials but please share your thoughts if you see something different. (thumbs up/down are anonymous)

]]> By: rsotc https://rightsideofthechart.com/early-session-stock-market-analysis-9-9-24/#comment-33548 Mon, 09 Sep 2024 16:10:42 +0000 https://rightsideofthechart.com/?p=215131#comment-33548 So far, another successful test of the 200-day MA’s which come in just below the primary uptrend line on AVGO.. longer-term bearish if/when the 200’s are clearly taken out. (Top of) gap backfill a potential bounce target if AVGO can hold & rally off the 200-day MA’s again.

Stay flexible & watch the key semis, big tech, & financials as all just hit & (so far) successfully defended key support levels late last week & so far today. Bearish if/when those levels clearly go with the potential for a decent & tradable bounce this week, if not.

]]> By: rsotc https://rightsideofthechart.com/early-session-stock-market-analysis-9-9-24/#comment-33546 Mon, 09 Sep 2024 14:56:48 +0000 https://rightsideofthechart.com/?p=215131#comment-33546 In reply to cmaallc@gmail.com.

Sure. As highlighted on Friday, XLF had fallen to my first key (BOD) support level on Friday, with the typical reaction so far today, & the next sell signal to come on a solid break and/or daily close below it.

]]> By: rsotc https://rightsideofthechart.com/early-session-stock-market-analysis-9-9-24/#comment-33545 Mon, 09 Sep 2024 14:53:38 +0000 https://rightsideofthechart.com/?p=215131#comment-33545 Meant to cover this in the video but left it out: USD/JPY is currently trading on primary uptrend line (support) following a slight whipsaw break below it on Friday. Another key “stock market related” thing at support so basically, either the stock market (as well as NVDA, SOXX, etc..) and USD/JPY get one last hurrah rally off these levels (or not) but regardless, solid breaks below Friday’s lows on all of the aforementioned securities is likely to usher in the next wave of selling, whether that happens today, later this week, or weeks from now. (the former two more likely than the latter IMO).

]]> By: cmaallc@gmail.com https://rightsideofthechart.com/early-session-stock-market-analysis-9-9-24/#comment-33543 Mon, 09 Sep 2024 14:20:49 +0000 https://rightsideofthechart.com/?p=215131#comment-33543 Hi Randy,
Would you also please provide your opinion on XLF?
Thanks,
Dan

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