Comments on: QQQ & /CL Crude Price Targets

By: Mikeflegel

Mikeflegel — Tue, 02 Aug 2022 16:53:38 +0000

We’re back to the low of Monday At 10 AM. Randy, What do we do with the shorts? Thanks!

By: cpva426

cpva426 — Mon, 01 Aug 2022 17:21:18 +0000

down ward move started.

By: Imadaytr8r

Imadaytr8r — Mon, 01 Aug 2022 16:33:01 +0000

In reply to 1111GhettoSpread1111. Which bad call are you referring to?

By: Imadaytr8r

Imadaytr8r — Mon, 01 Aug 2022 16:32:17 +0000

Randy, is the bullish engulfing candle on the QQQ monthly chart for June an anomaly or does that signal a pivot to a new and significant momentum sea change and that the Bear Market bottom is in?

By: Mikeflegel

Mikeflegel — Mon, 01 Aug 2022 15:52:17 +0000

You did not mention taking profits on any long positions. Are we just hedging The longs or We booking 6 week profits?

By: Mikeflegel

Mikeflegel — Mon, 01 Aug 2022 15:46:33 +0000

What kind of stop would we use on SQQQ or similar If we want to Try a pull back. Also for the crude short would KOLD work?? Thanks

By: HermonMunster

HermonMunster — Mon, 01 Aug 2022 15:05:55 +0000

Natural gas is dropping. looks like another 8% drop until the next trendline. Of course Russia could stop gas to eroupe tonight and it prices would explode.

I’m in KOLD now, up about 8%. Next resistance is $19.5

By: devnat

devnat — Mon, 01 Aug 2022 15:00:09 +0000

Randy, can you take a look at VIX? I believe it is at support and ready to bounce off the support line. Can you please confirm? If so, that should coincide with your pull back scenario

By: davenchop

davenchop — Mon, 01 Aug 2022 14:55:51 +0000

In reply to 1111GhettoSpread1111.

actually mr spread hes about 60/40… reality… we only hear about the good ones

By: Csperl1

Csperl1 — Mon, 01 Aug 2022 14:27:09 +0000

In reply to formarketmuse. I use SCO and drop position size down to account for the increase in Beta on this 2x levered security. . There is a calculator on rsotc to do this.