Comments on: Market Analysis & Swing Trade Updates 7-31-20 https://rightsideofthechart.com/market-analysis-swing-trade-updates-7-31-20/ Stock Trading, Investing & Market Analysis Mon, 03 Aug 2020 16:00:55 +0000 hourly 1 https://wordpress.org/?v=6.9.4 By: becky https://rightsideofthechart.com/market-analysis-swing-trade-updates-7-31-20/#comment-19537 Mon, 03 Aug 2020 16:00:55 +0000 https://rightsideofthechart.com/?p=202278#comment-19537 In reply to TJS.

Small divergent low on hourly (right hand side chart). Apart from that looks like it reversed off the up TL outlined on your charts + $154 level with multiple reactions. Daily chart is not too hot. So much bad press about Boeing otherwise.

On the side note: I am looking at NKLA this whole morning (left hand side chart) and I see a nice pop and divergent low but not sure I want to step in ahead of earnings and generally high risk of overnight holding on this stock.

]]> By: TJS https://rightsideofthechart.com/market-analysis-swing-trade-updates-7-31-20/#comment-19536 Mon, 03 Aug 2020 15:37:25 +0000 https://rightsideofthechart.com/?p=202278#comment-19536 Anybody have a feel on Boeing? Its back on the upward trendline, but in a wedge

]]> By: wilhud https://rightsideofthechart.com/market-analysis-swing-trade-updates-7-31-20/#comment-19534 Mon, 03 Aug 2020 08:37:46 +0000 https://rightsideofthechart.com/?p=202278#comment-19534 @rsotc I’ve heard that the 4-1 stock split AAPL is doing will negatively impact the DOW as it is price weighted (not mkt cap). Therefore, the ability to ramp Apple (see Friday close!) and ‘save’ what has been the weakest index vs S&P500/Nasdaq will be diminished. It seems pretty clear to me the mandate is to defend 200dma.

Will be interesting to see how the banks hold up this week.

HSBC and Societe Generale have both put in two terrible sets of results this morning and are plumbing lows not seen since 2002. Contagion could be a real possibility.

]]> By: becky https://rightsideofthechart.com/market-analysis-swing-trade-updates-7-31-20/#comment-19532 Sun, 02 Aug 2020 10:08:52 +0000 https://rightsideofthechart.com/?p=202278#comment-19532 In reply to Jeff Vandenburgh.

@jasonstevanhill posted an interesting article that draws a parallel between the gold spot and grain prices, where the grain prices lag behind gold spot by 15 months. So regardless what’s gold is gonna do, if the same laws apply, we may first see a rise in grains, before the correction in gold and silver has any effect on grains.

]]> By: Jeff Vandenburgh https://rightsideofthechart.com/market-analysis-swing-trade-updates-7-31-20/#comment-19531 Sat, 01 Aug 2020 18:26:54 +0000 https://rightsideofthechart.com/?p=202278#comment-19531 Loving the agricultural plays, but seeing the likelihood of a $USD relief rally (EUR/USD correction), I’m wondering if those commodities may offer a buyable dip over the next few weeks? That would also likely coincide with a correction in precious metals, and those silver miners in particular as you highlight in the video. Whether or not to game the dip with some shorts, or just prepare to BTD is the question I’m asking myself. Thanks for the video, Randy!

]]> By: haansg https://rightsideofthechart.com/market-analysis-swing-trade-updates-7-31-20/#comment-19530 Sat, 01 Aug 2020 16:30:34 +0000 https://rightsideofthechart.com/?p=202278#comment-19530 In reply to Araleia.

yup, I confirm that. I saw that as well. need that confirmation candle.

]]> By: Araleia https://rightsideofthechart.com/market-analysis-swing-trade-updates-7-31-20/#comment-19529 Sat, 01 Aug 2020 16:00:33 +0000 https://rightsideofthechart.com/?p=202278#comment-19529 @rsotc Not looking at the SPY but SPX, we’ve got rare occurrence of a hanging man, close to a dragonfly doji in each of the daily, weekly, and monthly chart. The QQQ has a near perfect dragonfly doji on the daily too. Supposed to be an indication of a trend change pending the daily close next Monday?

]]> By: jasonstevanhill https://rightsideofthechart.com/market-analysis-swing-trade-updates-7-31-20/#comment-19528 Sat, 01 Aug 2020 02:28:48 +0000 https://rightsideofthechart.com/?p=202278#comment-19528 https://www.mcoscillator.com/learning_center/weekly_chart/corn_and_wheat_prices_headed_higher/

]]> By: Kostner https://rightsideofthechart.com/market-analysis-swing-trade-updates-7-31-20/#comment-19527 Fri, 31 Jul 2020 22:17:58 +0000 https://rightsideofthechart.com/?p=202278#comment-19527 Thanks Randy!

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