Comments on: Market Analysis & Trade Ideas 10-4-21

By: timboz

timboz — Tue, 05 Oct 2021 00:53:41 +0000

after seeing UNG shoot up through a volume thin zone recently, now wondering about USO … USO has the mother of all thin volume zones just overhead now – between 54 all the way up to 68 is practically zero volume and still thin above that into the 70s and all of that volume is mostly years old … and then a long term trend line could meet those prices (similar trend lines on other oil charts have been broken through I think) … is the USO entirely at the mercy of futures or could a supply and demand discrepancy fuel an outsized move by itself? or could an outsized technical move in USO be the tail that wags the dog? … sorry can’t post a pic but it is easy to see with a long term USO weekly chart out ten years or so …

By: jon@jongolnik.com

jon@jongolnik.com — Tue, 05 Oct 2021 00:44:49 +0000

Hi, Randy. Great analysis, as usual. Question: The dollar has been a beneficiary of the recent flight to safety. If you expect a pullback, wouldn’t that suggest a rally in stocks?
Many thanks.

By: Alond

Alond — Mon, 04 Oct 2021 18:42:22 +0000

buy the dip.
Sure it will go down has soon has you buy but wait 2-3 weeks
you will be green.
easier than shorting

By: becky

becky — Mon, 04 Oct 2021 18:13:18 +0000

Good morning Vietnam! Been asking about $COW for weeks, then it came to $35 support, had a 5-6% rally and now it’s at resistance 50 SMA on daily. Not objective to buy unless it takes it out..