Comments on: Market Analysis & Trade Ideas 7-7-20 https://rightsideofthechart.com/market-analysis-trade-ideas-7-7-20/ Stock Trading, Investing & Market Analysis Mon, 04 Oct 2021 19:08:47 +0000 hourly 1 https://wordpress.org/?v=6.9.4 By: william9in https://rightsideofthechart.com/market-analysis-trade-ideas-7-7-20/#comment-19154 Tue, 07 Jul 2020 20:10:12 +0000 https://rightsideofthechart.com/?p=202004#comment-19154 KRE Bank ETF looks like a bear flag or a good time to buy… the banks should be a forecasting indicator right?

]]> By: becky https://rightsideofthechart.com/market-analysis-trade-ideas-7-7-20/#comment-19153 Tue, 07 Jul 2020 19:37:47 +0000 https://rightsideofthechart.com/?p=202004#comment-19153 I hope you guys caught that move in $KL if anyone trading miners. I remember talking about it with Randy in comments section. Bought at ~$36 support, took some profits on spikes, then cycled back in at $38 on strength, wrote a couple of short calls dating October. It’s up 22% since 6/15 in less than 1 month, my position is up 14% since last entry and that’s very much my max profit given that I had sold call options, but still a decent gain if it holds.

]]> By: becky https://rightsideofthechart.com/market-analysis-trade-ideas-7-7-20/#comment-19152 Tue, 07 Jul 2020 18:52:39 +0000 https://rightsideofthechart.com/?p=202004#comment-19152 In reply to rsotc.

Thanks man. Sorry I missed that mention and went on wasting your time. I watched the vid in background and after replaying it, it turns out you mention all of this in the very beginning. All good and thanks again. All the best.

]]> By: rsotc https://rightsideofthechart.com/market-analysis-trade-ideas-7-7-20/#comment-19151 Tue, 07 Jul 2020 18:41:56 +0000 https://rightsideofthechart.com/?p=202004#comment-19151 In reply to Araleia.

Agreed. Been looking at the semis today & starting to jolt some short setups in the sector down on my scratchpad. XLK (tech) and the FAAMG stocks are getting VERY heavy & QQQ is starting to move below the minor uptrend line on the 60m chart posted yesterday. If/when tech, QQQ, & the FAAMGs finally break, the algos are likely to flip the switch from BUY to SELL with nearly everything falling along with the FAAMGs.
Financials still weak but sitting on the 23ish support so as far as the S&P 500 sectors go, XLK, (tech), XLC (communications), & XLY (discretionary) appear likely to outperform to the downside once the next correction starts to get some traction. I’m not putting in full days recently due to the fact trading around the 4th is usually pretty whippy due to the low volume but I do plan to post some short trade ideas soon as well as updates on gold, silver, & the ag commodities along with those ag input trade ideas recently highlighted (SEED has been ripping since breaking above that bull flag on the daily, up another 13% today & coming up on the next target around 10.80).

]]> By: rsotc https://rightsideofthechart.com/market-analysis-trade-ideas-7-7-20/#comment-19150 Tue, 07 Jul 2020 18:31:54 +0000 https://rightsideofthechart.com/?p=202004#comment-19150 In reply to becky.

I did the state that GEVO ran into & was checked by gap resistance/top of gap today and also went on to mention some objective entry points starting around the 24:07 mark. https://youtu.be/4VrvmZ9ND0Q?t=1447

I do my best to mention what levels, whether a pullback to support or a breakout above resistance, will offer objective entries on trade ideas but if I fail to mention or you want an update, just let me know & I’ll be glad to revisit the charts of any particular trade idea.

]]> By: becky https://rightsideofthechart.com/market-analysis-trade-ideas-7-7-20/#comment-19149 Tue, 07 Jul 2020 18:11:18 +0000 https://rightsideofthechart.com/?p=202004#comment-19149 @rsotc Sometimes I feel that you should talk on entries, because for instance GEVO is at the top of the gap right now = resistance. So buying here is Vegas with blackjack & hookers. So the good entry would be on a pullback. But then indicators on daily are all down and there is nothing beneath anyway, not much support per se, so where do we enter this, huh? At ~0.62 or ~0.47? Either way, thanks for your video I was worried that trolls made you salty or god forbid COVID-19 got you, or perhaps a July 4 hangover. Take care, love the vid.

Update: GEVO is back down to 0.62, so maybe a good entry (looks like a pullback)

]]> By: Araleia https://rightsideofthechart.com/market-analysis-trade-ideas-7-7-20/#comment-19147 Tue, 07 Jul 2020 17:12:37 +0000 https://rightsideofthechart.com/?p=202004#comment-19147 @rsotc Randy, can you give us some short ideas too? I don’t feel safe longing the market at this point in time. Thanks.

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