Comments on: /LB Lumber Trade Idea 1-24-23 https://rightsideofthechart.com/lb-lumber-trade-idea-1-24-23/ Stock Trading, Investing & Market Analysis Mon, 12 Jun 2023 19:03:07 +0000 hourly 1 https://wordpress.org/?v=6.9.4 By: rsotc https://rightsideofthechart.com/lb-lumber-trade-idea-1-24-23/#comment-26065 Tue, 24 Jan 2023 21:00:49 +0000 https://rightsideofthechart.com/?p=210453#comment-26065 In reply to Mikeflegel.

Low conviction on the near-term (days) direction & even pretty low for the intermediate (weeks+) direction. Looks like QQQ wants to make a run at that upper (BOD) downtrend line & 200-day MA’s & if so, my guess is that it will also pop above them for at least a few days to run the bulk of the stops on shorts.

Then again, SPY is already testing the primary downtrend line & 200-day MA’s so this could be the end of the rally. Of course, we might (or might not) get some more visibility after MSFT reports tonight & then TSLA tomorrow. However, until AAPL, AMZN, & GOOGL report next Thursday, anything goes so really a coin-toss..

]]> By: Mikeflegel https://rightsideofthechart.com/lb-lumber-trade-idea-1-24-23/#comment-26064 Tue, 24 Jan 2023 19:32:58 +0000 https://rightsideofthechart.com/?p=210453#comment-26064 Hi Randy, I wonder if you could put into words your conviction about sqqq at this Time. Thank you

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