Comments on: Groundhog Day For The Q’s https://rightsideofthechart.com/groundhog-day-for-the-qs/ Stock Trading, Investing & Market Analysis Mon, 12 Jun 2023 18:34:55 +0000 hourly 1 https://wordpress.org/?v=6.9.4 By: Jeff Vandenburgh https://rightsideofthechart.com/groundhog-day-for-the-qs/#comment-26384 Thu, 16 Feb 2023 05:09:57 +0000 https://rightsideofthechart.com/?p=210642#comment-26384 In reply to trade0039.

I think this is indeed a bear market rally, but that it can go on longer and further than anyone would have imagined. Most active investors sold last year and went net short, and now need to reposition into longs. It was a full year of downtrend, so why not a few months of upside? And with China re-opening, and the US showing more strength than expected, all while Powell has somewhat pivoted in his rhetoric while also raising rates at a much slower pace than during 2022, and while Treasury Secretary Janet Yellin keeps pumping the US economy with liquidity through the Treasury General Account, then the macro landscape is kind of forcing the risk-on rally to continue and be a lot bigger than the bear rallies of 2022. Not to mention that numerous technical indicators, from breadth readings to MA golden crosses, all are saying loud and clear: MUST BE LONG.

]]> By: Manuj https://rightsideofthechart.com/groundhog-day-for-the-qs/#comment-26382 Wed, 15 Feb 2023 21:25:19 +0000 https://rightsideofthechart.com/?p=210642#comment-26382 What’s the point to insist that much in going short, it leaves us burning every day more. Why is so hard to be a bit neutral ? without that much bias, definitely will help more.

]]> By: becky https://rightsideofthechart.com/groundhog-day-for-the-qs/#comment-26381 Wed, 15 Feb 2023 21:23:17 +0000 https://rightsideofthechart.com/?p=210642#comment-26381 Arrows pointing in the wrong direction are back on the menu. Groundhog Day for sure.

]]> By: seasix https://rightsideofthechart.com/groundhog-day-for-the-qs/#comment-26380 Wed, 15 Feb 2023 21:17:26 +0000 https://rightsideofthechart.com/?p=210642#comment-26380 In reply to Mikeflegel.

Your only hope is if Randy calls for going long now. He’s so cold on his readings I’m gonna start calling him Cramer. Missing huge upside gains and even worse for those who picked up shorts. Tough to recover.

]]> By: Mikeflegel https://rightsideofthechart.com/groundhog-day-for-the-qs/#comment-26379 Wed, 15 Feb 2023 20:24:31 +0000 https://rightsideofthechart.com/?p=210642#comment-26379 In reply to Alan.

Thank you for that period… What to do with a paper loss at the clothes. Thanks

]]> By: JimG https://rightsideofthechart.com/groundhog-day-for-the-qs/#comment-26378 Wed, 15 Feb 2023 19:29:36 +0000 https://rightsideofthechart.com/?p=210642#comment-26378 In reply to Alan.

Tomorrow the options curbs come off. We should see the market pick its direction with more certainty for the next week or two.

]]> By: Alan https://rightsideofthechart.com/groundhog-day-for-the-qs/#comment-26377 Wed, 15 Feb 2023 18:48:49 +0000 https://rightsideofthechart.com/?p=210642#comment-26377 In reply to Mikeflegel.

SQQQ definitely not the right call here with this choppy market. too leveraged. Stick with PSQ or futures for shorting. I stopped adding to my shorts last week. all underwater… but I can hold for a while. been selling short term puts underneath them to help a little bit while we wait for a breakdown. right now the market is very bullish. that downtrend line was just taken out…

]]> By: Mikeflegel https://rightsideofthechart.com/groundhog-day-for-the-qs/#comment-26376 Wed, 15 Feb 2023 17:16:19 +0000 https://rightsideofthechart.com/?p=210642#comment-26376 In reply to OM.

Randy, SQQQ down 2% on the day after our initial objective short this morning. Thoughts. Pass my comfort level

]]> By: OM https://rightsideofthechart.com/groundhog-day-for-the-qs/#comment-26375 Wed, 15 Feb 2023 17:08:29 +0000 https://rightsideofthechart.com/?p=210642#comment-26375 In reply to trade0039.

I agree but as long as Rates and DX going up; i will stay short because whenever i change my mind the market goes opposite direction for me….good luck

]]> By: trade0039 https://rightsideofthechart.com/groundhog-day-for-the-qs/#comment-26374 Wed, 15 Feb 2023 16:47:47 +0000 https://rightsideofthechart.com/?p=210642#comment-26374 Just my thoughts!

Looks like Bear is exhausted trying to push the market down… Every time when futures goes down, market rallies back up during regular session. Not sure, what can tank this market now when there were many Blue chips stocks that missed their earnings and yesterday hotter than expected CPI data was released.

So far, clearly nothing is working for Bears!

What are y’all thoughts?

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