Comments on: QQQ & IWM Trade Ideas 4-5-24

By: cseymour

cseymour — Mon, 08 Apr 2024 01:01:46 +0000

Will GC be next to fall? Showing a divergence as well on the 2 hour chart and falling this evening.

By: cseymour

cseymour — Mon, 08 Apr 2024 00:58:40 +0000

Looks like we have a divergent high on the two hour chart for CL that’s playing out to the downside this evening.

By: cseymour

cseymour — Sun, 07 Apr 2024 01:26:26 +0000

Randy, just wondering if you saw this divergent low on the treasuries (ZB), with the falling wedge, on the 4 hour chart. Wonder what your thoughts are. Maybe a setup for the flight to safety you mentioned (breakout to the top)?

By: rsotc

rsotc — Fri, 05 Apr 2024 17:52:23 +0000

In reply to david k. Opening statement in the post above: Treasuries (10 & 30 yr) are trading notably lower today with IEF falling back into the orange zone (plus crude/USO still going strong pushing up against the top of its orange zone & even slightly into the red zone, so far today). Inflation/higher rates is EVERYTHING to the stock market right now. Unless Treasuries start to mount a half-decent+ rally in the final hrs of trading today, stocks will likely get the memo & dump into the close today, especially if Treasuries take out today's earlier lows.

By: shannonp

shannonp — Fri, 05 Apr 2024 17:42:34 +0000

Thank you for sharing your opinion.

By: david k

david k — Fri, 05 Apr 2024 16:52:35 +0000

Randy I see the trade on the Qs but was just wondering why you think it’s going to be faded later on today. Always trying to understand how you think. Thank you