The following video provides technical analysis of the US stock market & FAAMG stocks followed by several swing trade ideas. Silver or Gold level access initially required.
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Market Analysis & Trade Ideas 5-27-20
Home » Blog » Market Analysis (all categories) » Equity Market Analysis » Market Analysis & Trade Ideas 5-27-20
DJI is holding up quite well. Does anyone have some reasoning for that? TIA
There was a planned rotation in pension funds. That’s what I have heard. But I thought that’d do that on Friday.
What I failed to look at today was the overnight ES action. There was a 3035 high, and usually overnight highs get visited in day trading hours. I should have expected this late day rebound after the early dip
Yeah, ES did full circle at this point. And futures go up over night for whatever reason. I only trade intraday lately, not holding over night.
@rsotc Can you share targets for Netflix long term weekly targets for a short? Thank you!
Did you look at this?
Would be nice to know if he sees it dropping further as it is nearing T2 and there are no other recommendations below.
Looks like a solid reaction at the 50 SMA. trending up now, possibly to the 20 SMA… or sideways?
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I think he said he doesn’t see anything stopping it from going lower but IMO lowering stops and protecting profit is better than overnight risk in this environment.
Thought this was an interesting look at Russell 2000. Most expensive in history right now, trading at an eyewatering 70x!
If Apple should hit those targets “this week” I for one would like to see you take that trade. Make it official Randy. Have confidence if your analysis and execute.
My “Opposite George” approach on Randy is working. Apple at ~$315 at the time of the video. Apple now approaching $317. Just do the opposite of what he says.
Randy was saying “this week….maybe even the next few days” for the next big leg down in early April. His timing in these markets is really bad. He’s even said that it’s hard enough to say WHERE the price is going to go without the WHEN.
Incredible. And I’m observing a good amount of weekly option flow for Apple. I’m mostly neutral at this point, but I know the moment I go net long the rug will get pulled.
What happens to small caps when there is sector rotation into financials?
Wayfair is worth a look too after it rallied 765% off the low. I got a couple of good entries around $182.. massive cash burn
Also $EHTH worth a look short
Not sure what the market for Ferrari’s is like right now but I’m hearing the bonuses aren’t going to be too spectacular this year. Am also short $RACE
MACD is kinda flattish and I think Randy pointed out many times that it’s better to have a clean cross, even bette below 0 line
XLF’s range looks to be caught in the very tip of an old wedge. like tweezers
Shorted NFLX again today at open on a gap down then run up into resistance, entered at $413. Added stop at $405 after it went to $398. About 2% P/L. Didn’t think they would pop it that far. NFLX came full circle today, back at the gap now.