Comments on: Pre-JPM Bank Sector & Stock Analysis 4-11-24

By: Dkpdkp

Dkpdkp — Fri, 12 Apr 2024 14:43:35 +0000

In reply to rsotc. Thanks! Yes, very overbought

By: rsotc

rsotc — Fri, 12 Apr 2024 14:35:36 +0000

In reply to Dkpdkp. Divergences persist on the 60m chart of GDX but not the daily although GDX is approaching significant resistance while at extreme overbought readings. If you look at the circle on the RSI (daily chart below) you'll see that major turns came either on the initial extreme (over 70) overbought readings or on a marginal new and divergent high (with the RSI making a lower low) shortly after.

By: Dkpdkp

Dkpdkp — Fri, 12 Apr 2024 13:53:35 +0000

In reply to trade0039. i would not short anything related to the PMs- this break out is very strong and highly due, after years of frustration! Now it's a case of lockout moves

By: trade0039

trade0039 — Fri, 12 Apr 2024 13:48:41 +0000

In reply to Dkpdkp. I got stopped out on GDX Short at 35.20 :(

By: Dkpdkp

Dkpdkp — Fri, 12 Apr 2024 13:46:37 +0000

Hello Randy-can you pls update the PMs and GDX? Both going vertical daily- Are there still neg divergences? Thx

By: william9in

william9in — Fri, 12 Apr 2024 03:19:25 +0000

BAC is in a nice strong uptrend. Looks like it's testing the breakout at 36.

By: @GEOTRDR

@GEOTRDR — Thu, 11 Apr 2024 21:06:31 +0000

Is a chance we could gap up over resistance imho…long calls (lotto ticket again) :)

By: becky

becky — Thu, 11 Apr 2024 21:01:22 +0000

Whatever he said. Do the opposite to win.