Comments on: Market Analysis & Trade Ideas 8-15-22

By: rsotc

rsotc — Tue, 16 Aug 2022 14:35:00 +0000

In reply to artc. You might consider adjusting your position size down if you felt the heat on a QQQ short entered at 330 as the Q's only rallied 1% above that level so far (as of yesterday's high). Swing trading the Q's typically calls for stops of at least 3% & often much more, depending on how far your price target(s) is(are).

By: artc

artc — Mon, 15 Aug 2022 21:29:28 +0000

In reply to bunyz06rabbitt. same here...I took the Randy short at QQQ 330 and getting burnt so far but will give it more rope (maybe turn around Tuesday materializes)

By: bunyz06rabbitt

bunyz06rabbitt — Mon, 15 Aug 2022 21:24:23 +0000

Long SOXS but losing. I do see a touch of the falling upper trendline on the Wilshire 5000 but I need it to fall outta the sky!!!!

By: artc

artc — Mon, 15 Aug 2022 20:35:33 +0000

SPX weekly hit the 40 week SMA 4301 today.

By: @GEOTRDR

@GEOTRDR — Mon, 15 Aug 2022 19:23:42 +0000

Anyone long and making $$$…..what are you looking at??