Comments on: /NQ QQQ (+SPY/ES) At Next Support 8-1-24

By: Dkpdkp

Dkpdkp — Thu, 01 Aug 2024 19:58:08 +0000

Sorry Randy- pls disregard my post on updating lithium stocks- no need-thx

By: Imadaytr8r

Imadaytr8r — Thu, 01 Aug 2024 19:02:53 +0000

I think the last hour we’ll see a pop due to bottom fishers shopping for deals on their favorite longterm holds and positioning on the stocks that report after the close. We’ll see, one hour to go. Where’s the popcorn?

By: Mikeflegel

Mikeflegel — Thu, 01 Aug 2024 19:01:25 +0000

Please just middle and long term ideas. If you could tell us what you are doing mid to longer term. Thanks

By: Dkpdkp

Dkpdkp — Thu, 01 Aug 2024 18:42:09 +0000

Hi Randy-any changes in NG? Are pos divergences still intact? Thx

By: stockninja

stockninja — Thu, 01 Aug 2024 18:25:48 +0000

Not sure if AAPL and AMZN can spark that much of a rally in this market. Going to be interesting to see what starts a rally or do we just go down from here?

By: George

George — Thu, 01 Aug 2024 18:05:18 +0000

Are you still short QQQ (QQQ hit $457.50 which looks like a short-term support)?

By: pkm48193

pkm48193 — Thu, 01 Aug 2024 17:43:02 +0000

Shorted NQ overnight at 19660. Added to position today. Closed 1/2 position at 19030. Holding the rest as a runner. Long Oil, long Gold. LMT up 15% in one week, I think the a war between Iran and Israel is imminent.

By: jmccallum

jmccallum — Thu, 01 Aug 2024 17:29:35 +0000

I have a feeling that most investors(they are all really speculators at this point) do not realize the implications of the amount of fraud that has occurred in the markets since 2008.

We would be very lucky if most indexes only fall 50% at this point.

It is far more likely that any and all will fall by over 80% this time.

Somebody like Randy may be able to game the bounces along the way. I’m sure there are to be many.

Gold and Long Term treasuries seem like the best bet.

By: stockninja

stockninja — Thu, 01 Aug 2024 17:19:49 +0000

Hmmm, slight undercut of the 19113 level?? I’ll take my chances here for a quick bounce. Trading lightly and trying to stay as disciplined as possible. Good luck to everyone out there.

By: B-Right

B-Right — Thu, 01 Aug 2024 16:41:15 +0000

In reply to Mikeflegel. Short... But if the market goes up he is showing you a higher limit where it can go up to. Beyond that Randy does not want to short anymore. This was shown by the shaded area in the morning post.