Comments on: Pre-FOMC Technical Analysis 11-2-22

By: Brian396

Brian396 — Thu, 03 Nov 2022 13:23:15 +0000

In reply to rsotc. Do you still favor going short for a swing trade at T2?

By: rsotc

rsotc — Thu, 03 Nov 2022 13:05:54 +0000

In reply to HermonMunster. Agreed. Parabolic advances typically don't end very well & as of yesterday, the energy sector is my favorite short of all 11 sectors in the S&P 500. Thx for sharing.

By: rsotc

rsotc — Thu, 03 Nov 2022 13:04:32 +0000

In reply to Mikeflegel. I still favor /NG (nat gas futures) hitting my 2nd & final target. Just need to take out this minor downtrend line on this 10m chart & then that more significant downtrend line on this 60m chart.

By: rsotc

rsotc — Thu, 03 Nov 2022 13:00:32 +0000

In reply to Heinz. According to the email provider (MailChimp), you had unsubscribed from the email notifications. As such, they (as one of the largest email marketing companies) will not let me add your email address back to the list but I have initiated an email for you to opt back in. Please check your spam/junk folder if you don’t have that & LMK. Thanks.

By: rsotc

rsotc — Thu, 03 Nov 2022 12:57:54 +0000

In reply to Jeff Vandenburgh. According to the email provider (MailChimp), you had unsubscribed from the email notifications. As such, they (as one of the largest email marketing companies) will not let me add your email address back to the list but I have initiated an email for you to opt back in. Please check your spam/junk folder if you don't have that & LMK. Thanks.

By: Imadaytr8r

Imadaytr8r — Thu, 03 Nov 2022 11:39:56 +0000

In reply to HermonMunster. Both LPG (32% Dividend btw!) and Freeport dropped 40% in June when the Freeport Liquid Gas export terminal was damaged by a curious fire and was shut down. Freeport is still down 25% but LPG has completely recovered and is now on a breakout. This is very strange because Europe has maxed their NatGas storage and Winter is late so far this season. If this situation continues and Freeport finally gets approval from regulators to reopen (Biden Administration dragging their feet) there could be a NatGas glut! What could play out in NatGas demand’s favor is the last time we had this mild of a Hurricane Season (70 years ago! So much for climate change ?) Europe had one of its worst winters on record! … We’ll see …

By: Jeff Vandenburgh

Jeff Vandenburgh — Thu, 03 Nov 2022 02:40:27 +0000

In reply to HermonMunster. A number of oil/energy related stocks look toppy here, don't they? Also, a lot of Dow Jones stocks, and the DJIA itself, look like they went nearly parabolic over the last month. Stocks like MCD, GS, UNH, AMGN, MRK, CAT, HON, TRV, CVX, and IBM all look like they may have put in significant tops today.

By: HermonMunster

HermonMunster — Thu, 03 Nov 2022 02:10:53 +0000

Hey traders,
Check out LPG. It has gone parabolic. We know how this ends.

https://i.imgur.com/fU43weC.jpg

By: Mikeflegel

Mikeflegel — Wed, 02 Nov 2022 21:51:02 +0000

It’s off topic but Randy what do you think of boil right here. Looks like Europe top there tanks at high prices.. That seems like the time to go long to me.

By: HermonMunster

HermonMunster — Wed, 02 Nov 2022 20:56:38 +0000

What an interesting day! I missed the Fed announcement as it was happening. However looking at the one minute chart, it seems as though the whole market had a divergent high on the 1 minute chart from about 2:01 to 2:30.

I didn’t have the guts to take the trade, but it’s nice to see that it played out perfectly.

https://i.imgur.com/wM0pJIg.jpg

By: HermonMunster

HermonMunster — Wed, 02 Nov 2022 19:47:06 +0000

In reply to Heinz. I got the email 1 minute after the post

By: Heinz

Heinz — Wed, 02 Nov 2022 19:12:56 +0000

In reply to Jeff Vandenburgh. I am having a similar issue. I was getting them at one time and then it stopped.

By: Jeff Vandenburgh

Jeff Vandenburgh — Wed, 02 Nov 2022 19:10:01 +0000

For some reason, I am not getting email notifications of when new posts such as this are posted. I’ve signed up for them, but still no email.