Comments on: Short & Long-Term Stock Market Analysis 4-11-23 https://rightsideofthechart.com/short-long-term-stock-market-analysis-4-11-23/ Stock Trading, Investing & Market Analysis Thu, 13 Apr 2023 05:15:01 +0000 hourly 1 https://wordpress.org/?v=7.1 By: matt3339 https://rightsideofthechart.com/short-long-term-stock-market-analysis-4-11-23/#comment-27155 Thu, 13 Apr 2023 05:15:01 +0000 https://rightsideofthechart.com/?p=211227#comment-27155 Hope the pool guy rocked up eventually. Imagine being in Florida without a pool :-)

]]> By: Scott https://rightsideofthechart.com/short-long-term-stock-market-analysis-4-11-23/#comment-27148 Wed, 12 Apr 2023 13:46:39 +0000 https://rightsideofthechart.com/?p=211227#comment-27148 In reply to Pbathula.

We need you back on the STREET where you belong @pbathula!

]]> By: Pbathula https://rightsideofthechart.com/short-long-term-stock-market-analysis-4-11-23/#comment-27147 Wed, 12 Apr 2023 01:42:56 +0000 https://rightsideofthechart.com/?p=211227#comment-27147 Hello trading room… .. Hope you all are enjoying … I am still alive….day job not allowing to be with you … not trading much on this sideways market…staying calm till Q1 results areout. I do catch up daily on @rsotc postings….Hope to see you soon.

]]> By: JimG https://rightsideofthechart.com/short-long-term-stock-market-analysis-4-11-23/#comment-27146 Wed, 12 Apr 2023 01:38:39 +0000 https://rightsideofthechart.com/?p=211227#comment-27146 In reply to thebeagle55.

Interesting life choices you make Beagle. I’m sorry its like that for you.
Hope you have a blessed day tomorrow.

]]> By: thebeagle55 https://rightsideofthechart.com/short-long-term-stock-market-analysis-4-11-23/#comment-27145 Tue, 11 Apr 2023 23:39:01 +0000 https://rightsideofthechart.com/?p=211227#comment-27145 hows that negative divergance playing out on btc….
just another example of “negative divergence” being a
mediocre indicator just like all of them…

]]> By: rsotc https://rightsideofthechart.com/short-long-term-stock-market-analysis-4-11-23/#comment-27144 Tue, 11 Apr 2023 20:08:40 +0000 https://rightsideofthechart.com/?p=211227#comment-27144 In reply to Scott.

Yep & I pulled the most recent (April 10th) weightings for the top components of QQQ directly from Invesco today & the top 6 companies (MSFT, APPL, AMZN, GOOG+L, META, & TSLA) account for over half of the returns of the entire index (51.11%). No need to chart the other 94 companies if trading the Q’s, just need to have a good idea where those 6 are likely headed.

]]> By: rsotc https://rightsideofthechart.com/short-long-term-stock-market-analysis-4-11-23/#comment-27143 Tue, 11 Apr 2023 20:04:39 +0000 https://rightsideofthechart.com/?p=211227#comment-27143 In reply to Mikeflegel.

Would have preferred if that recent 2nd or 3rd test of my T3 support level wasn’t a divergent low on the daily chart (which it was) or the fact CAT is scheduled to report earnings in a couple of weeks (4/27) so my preference right not would be to sit tight on an existing position if holding out for T4 or T5 …or… wait for a solid break of the recent lows (T3), ideally after they report, before adding or taking a new short.

]]> By: rsotc https://rightsideofthechart.com/short-long-term-stock-market-analysis-4-11-23/#comment-27142 Tue, 11 Apr 2023 20:00:43 +0000 https://rightsideofthechart.com/?p=211227#comment-27142 In reply to Jeff Vandenburgh.

Not sure if you caught this setup on SKIL I posted in a reply to your comment from yesterday. I haven’t yet scrubbed it for earnings so make sure to do so as typically, it’s best to pass on breakouts that occur just before a quarterly earnings report. https://rightsideofthechart.com/qqq-deja-vu-next-sell-signal-still-pending/#comment-27137

]]> By: Dkpdkp https://rightsideofthechart.com/short-long-term-stock-market-analysis-4-11-23/#comment-27141 Tue, 11 Apr 2023 17:07:37 +0000 https://rightsideofthechart.com/?p=211227#comment-27141 In reply to Jeff Vandenburgh.

Some short-term bullish set ups are the crypto miners- all have gone up a lot lately, in case you’re interested -RIOT CIFR HUT HIVE MARA are some of the few

]]> By: Mikeflegel https://rightsideofthechart.com/short-long-term-stock-market-analysis-4-11-23/#comment-27140 Tue, 11 Apr 2023 17:05:19 +0000 https://rightsideofthechart.com/?p=211227#comment-27140 Thanks for this Randy, What do you make of cat back at 2:22 here ?

]]> By: Scott https://rightsideofthechart.com/short-long-term-stock-market-analysis-4-11-23/#comment-27139 Tue, 11 Apr 2023 17:03:57 +0000 https://rightsideofthechart.com/?p=211227#comment-27139 A statistic to back-up your mega cap comments.

https://finance.yahoo.com/video/nasdaq-100-top-10-stocks-135755509.html

]]> By: Jeff Vandenburgh https://rightsideofthechart.com/short-long-term-stock-market-analysis-4-11-23/#comment-27138 Tue, 11 Apr 2023 16:24:41 +0000 https://rightsideofthechart.com/?p=211227#comment-27138 Thank you, Randy, for clarifying that your bearish outlook is somewhat more of a longer-term swing or trend trade. I think fundamentals will likely agree with you sooner or later. In the meantime, though, I’d just like to find more short-term bullish trades to hedge out some of the bleeding occurring in my otherwise mostly bearish portfolio. Although tech has led the 2023 rally, it seems the baton is being passed to other sectors, and so the bull stays strong. Ultimately, this rally might be the best thing for bears heading into earnings, as earning may not justify valuations.

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