Comments on: /NQ QQQ Active Trade Update 3-13-24

By: david k

david k — Wed, 13 Mar 2024 18:35:14 +0000

In reply to rsotc. Randy where are you looking to get back short on the Qs?

By: Imadaytr8r

Imadaytr8r — Wed, 13 Mar 2024 18:27:24 +0000

You know Randy, with all due respect for your analytical prowess, the ES and all other charts for that matter show a 45 degree angle YTD from lower left to upper right on the daily charts and the HULL MMA (Momentum Moving Average) hasn’t dipped negative not once, on the Daily!!! What makes you think a close just 20 points down from here will open the doors to a resumption of your Bear market? Aside from China forcing a blockade around Taiwan stopping all shipments of AI chips of course?

By: Dkpdkp

Dkpdkp — Wed, 13 Mar 2024 17:52:31 +0000

In reply to rsotc. Noted! Thanks!

By: @GEOTRDR

@GEOTRDR — Wed, 13 Mar 2024 17:20:42 +0000

In reply to rsotc.

It was nice….QQQ puts paid nicely! Luv the active trading too…

By: rsotc

rsotc — Wed, 13 Mar 2024 17:17:31 +0000

In reply to Dkpdkp. Gold still very much holding the recent breakout to new highs & while silver has quite a bit of catching up to do so over-weighting silver vs gold for swing/trend positions seems ideal. Looks to me that GLD might want to make one more thrust to marginally take out Friday's high & if so & anytime soon, that would be a divergent high on the 60m chart, most likely followed by a tradable pullback & quite possibly a backtest of the breakout. Bottom line: While the current trend is bullish, the R/R just isn't nearly as good when I highlighted the metals & miners at the end of February so I'd be (and have been) more interested in harvesting profits from the recent rip than taking or adding to new positions, at least until we get a decent correction first.

By: Dkpdkp

Dkpdkp — Wed, 13 Mar 2024 16:14:29 +0000

Hello Randy-can you please update PMs & miners? Thanks!

By: shannonp

shannonp — Wed, 13 Mar 2024 15:28:20 +0000

Thank you for all the active trade updates.

By: Pbathula

Pbathula — Wed, 13 Mar 2024 15:08:27 +0000

Wells Fargo: Tesla a 'growth company with no growth'

By: rsotc

rsotc — Wed, 13 Mar 2024 14:06:24 +0000

Well that was quick (and why I call it 'active' trading). QQQ first target just hit for a quick (~30 trading minutes) gain of 0.9% where the odds for a reaction are elevated before the next leg down. i.e.- very active traders can reverse (cover short & go long) to game a bounce & then back short for the next leg down.