Comments on: Post-FOMC Stock Market Analysis 12-14-22

By: shreddah

shreddah — Thu, 15 Dec 2022 02:13:17 +0000

To clarify from the video above are you thinking $XLE trades down intermediate to long term but /CL goes higher? TIA

By: rsotc

rsotc — Wed, 14 Dec 2022 20:24:27 +0000

In reply to becky. I've been eyeing sugar (along with some other ags). Sugar has been consolidating in a large sideways range since early/mid 2021 & is close to the top of the range now. Like nearly all other commodities, it appears to be in an early stage bull market & as such, I'd expect an upside break of that range, which would trigger a buy signal for a trend or longer-term swing trade.

By: rsotc

rsotc — Wed, 14 Dec 2022 20:20:17 +0000

In reply to rsotc. To clarify, those are active trades, still scaling in short as swing/trend positions across my long-term accounts for now.

By: rsotc

rsotc — Wed, 14 Dec 2022 20:17:55 +0000

In reply to Mikeflegel. 12000-12050 may cap this bounce off the 60m uptrend line on /NQ, that's where I just reversed (from a long off the TL back to short) although my convictions aren't super-high so keeping things light (small position sizes) for now.

By: Mikeflegel

Mikeflegel — Wed, 14 Dec 2022 20:10:27 +0000

Thanks Randy, Please let us know when the extent of that bounce has been met and a short would be advisable. I hope you’re feeling a little better this afternoon

By: becky

becky — Wed, 14 Dec 2022 20:01:58 +0000

Opinion on sugar?