Comments on: Market Analysis & Trade Ideas 7-17-23

By: seasix

seasix — Tue, 18 Jul 2023 17:51:29 +0000

In reply to Pbathula. buying op, grab it while on sale. maybe tomorrow this one will jump 3-5% to help QQQ get over 400

By: Pbathula

Pbathula — Tue, 18 Jul 2023 17:19:50 +0000

aapl back testing? how long?

By: Jeff Vandenburgh

Jeff Vandenburgh — Tue, 18 Jul 2023 17:00:12 +0000

Well-defined parabola on SPX. Need to wait at least until broken. Otherwise, stay long and strong, my RSOTC friends.

By: seasix

seasix — Tue, 18 Jul 2023 16:39:20 +0000

In reply to trade0039. This is up 160B in market cap today so far. And Randy recommends shorting into this market? Nuts.

By: trade0039

trade0039 — Tue, 18 Jul 2023 16:32:13 +0000

In reply to Jeff Vandenburgh. Its an objective level to go short lol!

By: seasix

seasix — Tue, 18 Jul 2023 16:31:43 +0000

In reply to Jeff Vandenburgh. Always at least 1 of this top stocks big gain every day. QQQ to 400 soon

By: Jeff Vandenburgh

Jeff Vandenburgh — Tue, 18 Jul 2023 16:16:05 +0000

In reply to trade0039. New all time high! So glad we weren't duped into this quick 4.5% gain thanks to potential negative divergences. And in the face of Nasdaq 100 rebalancing, with MSFT and NVDA both getting the largest haircuts of the Magnificent 7, and yet both are up since the announcement.

By: trade0039

trade0039 — Tue, 18 Jul 2023 16:09:15 +0000

MSFT popped 4% suddenly

New Divergent High!

By: Jeff Vandenburgh

Jeff Vandenburgh — Tue, 18 Jul 2023 01:26:11 +0000

In reply to trade0039. We didn’t miss it, we shorted it!

By: trade0039

trade0039 — Tue, 18 Jul 2023 00:28:11 +0000

FYI…

XLK is at All Time High now! Its a shame we missed this entire Bull Run of 57% on XLK from October low!!!

By: Mikeflegel

Mikeflegel — Tue, 18 Jul 2023 00:24:28 +0000

In the sense of honesty, why can’t you post your What kind of profits you’ve been for being short the last 6 months. .. You started The year is so great. You took a Tesla long and entered at 105 I believe With A exit at Long before you’re one thirty nine target. You bailed the first time not even half way there. Missed the move from one fifteen to 200. Various Diaster short calls since.

By: devnat

devnat — Mon, 17 Jul 2023 22:12:15 +0000

Randy
you have been saying the market has gone no where since QQQ was in the range between 322 and 310. After it broke up to side it is up 20%…. Do you really think QQQ has gone nowhere?

By: KevinK

KevinK — Mon, 17 Jul 2023 20:20:09 +0000

In reply to seasix. QQQ 400+ Nvidia 500 pretty soon

By: KevinK

KevinK — Mon, 17 Jul 2023 20:01:33 +0000

In reply to Jeff Vandenburgh. I wish my portfolio was going "nowhere" like that.

By: Jeff Vandenburgh

Jeff Vandenburgh — Mon, 17 Jul 2023 19:51:05 +0000

In reply to KevinK. I was thinking the same thing. I had to dismiss the entire video when I heard that first comment. And the fact he said "Broad market" going nowhere, while the equal-weight RSP and QQQE indexes are up 6-7%+ from the June lows. The IWM up nearly 8% from June lows. And the Wilshire 5000 up 4.5%+ from June lows and at new 52-week highs. However you look at it, the broad-based market has certainly not gone nowhere.

By: KevinK

KevinK — Mon, 17 Jul 2023 19:33:38 +0000

Randy,
Why do you keep dismissing the uptrend in the market ???
You state at the beginning of the video…
“The broad market is sort of stalling out because the market leaders (the big 7) have gone nowhere for a couple weeks or half a month.”
Since June 30 (the “past couple weeks or half a month”) Apple is trading about even, but the other 6 are all up, and quite considerably !!! From June 30 to intraday today…..
Nvidia has gone from 423.02 to 464.46
Meta has gone from 286.98 to 310.78
Tesla has gone from 261.77 to 289.72
Google has gone from 120.97 to 125.12
Microsoft has gone from 340.54 to 346.19
Amazon has gone from 130.36 to 133.73
As a group, since June 30 they are up 6.06%. I think a 6.06% gain in 2 weeks is quite substantial. That’s would be over 120% in a year.
The S&P is up 1.8% and the Nasdaq is up 3.4% also since June 30.
You want to go back a month, they’re up even more !
I do not understand why you keep denying the market is going up.
You think going up 6% in 2 weeks is “going nowhere” ???????
This is very unfair to report the market this way.

By: trade0039

trade0039 — Mon, 17 Jul 2023 18:30:14 +0000

In reply to trade0039.

I took another 4 trades based on your TA and will post result here again!

SPWR Long
AY Long
FSLR Short
AAPL Short

By: trade0039

trade0039 — Mon, 17 Jul 2023 18:17:12 +0000

Randy the bottom line here is the traders who are paying for the services that you are providing should make profits consistently and minimum win rate should be more than 50% of the time. Your analysis has been mostly bearish for the entire 2023 and market has been rallying and its very frustrating to see day by day and week by week losing money and there is no doubt that its only me. Its same with most of your traders that in the member of rsotc.

I agree its not a follow me site but you should come up with better plans and strategies on how we can easily take the trade and make profit.

If you are talking about 6 possible trade setups you should point which one has better odds with entry and exit point.

Last videos you mention good setups on the following tickers and I put $1000 on all trades and here are the results so far…

ACB Long 3% Loss
HYFM Long Breakeven
MJ Long 3% Loss
PW Long 2.8% Loss
MKTX Long 2% Gain
SIGI Short Breakeven
ZM Long 5% Gain

I got stopped out on all Big CAPS that you mentioned short about couple months ago and these were larger trade size which includes:-

META
NVDA
GE
RACE
JPM
AAPL

Not to mention loss on shorting on QQQ and SOXX.

By: seasix

seasix — Mon, 17 Jul 2023 18:11:46 +0000

Before you know it in this market that’s “going nowhere” the QQQ will be 400. SMH