Comments on: Market Analysis & Trade Ideas 2-1-21

By: dbaldor

dbaldor — Mon, 01 Feb 2021 19:40:42 +0000

Is there any reason to not give up on the short argument at this time? It looks like it was a whipsaw. The USD is still strong but every index is up at this point that was mentioned in the video.

By: becky

becky — Mon, 01 Feb 2021 19:24:38 +0000

In reply to rsotc. 20% of XRT is in GME. Explains the move.

By: ribrob

ribrob — Mon, 01 Feb 2021 19:04:02 +0000

In reply to rsotc. @rscotc or anyone know know if XRT would rebalance early (normally quarterly-next is in March) if a single stock were to beome greater than a certain percentage - defeating the equal weight so dramatically

By: cbarwick

cbarwick — Mon, 01 Feb 2021 18:28:53 +0000

What’s going on with gold and silver? Last I remember we were trailing stops on the way up and I was stopped out of all positions, completely missed the re- entry and missed out on large gains as most positions are far beyond where I was recently stopped out. Whipsaw got me? Silver chart broken because of Reddit traders? What are your most recent thoughts in case I missed something earlier, thanks

By: rsotc

rsotc — Mon, 01 Feb 2021 16:34:48 +0000

Top 3 losers in XRT (Retail ETF mentioned in the video) today are GME, SFIX, & PETS with GME resulting in the bulk of today’s oversized loss as well as the recent abnormal gains in XRT due to GME’s recent price surge which resulted in an overweighting in the sector ETF. Normally, XRT attempts to put equal weightings on its 100 or so components.