Comments on: GLD Swing & Trend Trade Idea https://rightsideofthechart.com/gld-swing-trend-trade-idea-2/ Stock Trading, Investing & Market Analysis Sat, 02 May 2020 00:28:34 +0000 hourly 1 https://wordpress.org/?v=7.0 By: jst20946 https://rightsideofthechart.com/gld-swing-trend-trade-idea-2/#comment-11860 Thu, 18 Oct 2018 14:39:51 +0000 https://rightsideofthechart.com/?p=188344#comment-11860 In reply to Dean Drummond.

Thanks…I knew there would be no easy answer. Down the road a video would be great.

]]> By: Dean Drummond https://rightsideofthechart.com/gld-swing-trend-trade-idea-2/#comment-11859 Wed, 17 Oct 2018 22:42:12 +0000 https://rightsideofthechart.com/?p=188344#comment-11859 In reply to jst20946.

Great question but the quick answer is there is no “single” easy way to gauge where we are in the economic cycle with any useful degree of certainty. There are so many factors & variables to look at & if things weren’t so busy lately, I would be more than glad to take the time to write as many down as I can think of off hand. With that being said, maybe I can put together a video covering some of the more common charts & economic indicators as well as some other things that I might use to gauge where we are in the business cycle.

]]> By: jst20946 https://rightsideofthechart.com/gld-swing-trend-trade-idea-2/#comment-11858 Mon, 15 Oct 2018 23:50:12 +0000 https://rightsideofthechart.com/?p=188344#comment-11858 Randy – What would be one of the easiest ways to gauge where we are in the economic cycle? I understand that there is no cut & dry answer…but you have a great way of explaining things. Thanks

]]> By: Dean Drummond https://rightsideofthechart.com/gld-swing-trend-trade-idea-2/#comment-11857 Fri, 12 Oct 2018 01:20:44 +0000 https://rightsideofthechart.com/?p=188344#comment-11857 Welcome! I agree. Anyone that’s not an active trader might now want to force any new long equity trades at this point in the market based on the technicals as well as an economic cycle likely in the late to very late stage. As there is a decent chance that we could be looking at a market top vs. just another correction with an ongoing bull with plenty of room to run, that makes individual stock picking & rotating from the most bearish sectors to the bullish sectors as you might during a corrective phase within a bull market much more difficult as bear markets usually bring them all down, defensive sectors like utilities & staples, along with it. There are always a few gems that buck the overall trend & if I find any, I’ll post them but I would suspect the majority of individual stock trade ideas for the foreseeable future will be shorts other than relatively short-term bounce trades.
Today’s price action in gold & the miners looking about as good as gets but the more we put those breakout levels in the rear-view mirror, the better the case for a lasting rally. More so, I’d really like to see the case for a significant top in the $USD firmed up as well.

]]> By: AmosBurton_34 https://rightsideofthechart.com/gld-swing-trend-trade-idea-2/#comment-11856 Thu, 11 Oct 2018 17:38:28 +0000 https://rightsideofthechart.com/?p=188344#comment-11856 Randy, so glad I found you a couple of weeks ago. I’ve been watching GDX for a couple of months now after what looked like a selling climax, by some measures the sentiment in gold is at the levels of the 2016 bottom.
I got out of VXX and QID yesterday, I’m not active enough to trade intradays, more swing trade. I believe we could follow the 1999-2000 Nasdaq analog which had a zig zag correction in January, the made a top in March, the the first leg down retraced the whole level and broke support then bear flagged rallied into the fall. There are a lot of excesses built up in this market. I don’t think I can trade long stock markets until we get a good daily reversal stick, then again that may be just a too short a rally to take advantage of, AAPL has barely corrected.
Thanks for the great analysis!!!

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