Comments on: SPY Analysis + QQQ Trade Update

By: Edo123

Edo123 — Thu, 27 Jun 2019 18:18:49 +0000

I got in on the 7th of June and got out this am…BUT…I was looking at the weekly chart with potential price target around 9.50 and possible 12…Just like the run started around 9-30- 2016…problem is that if the market goes I am sure DB will as well…

Thanks for sharing your ideas…really appreciated!

By: rsotc

rsotc — Thu, 27 Jun 2019 18:09:28 +0000

In reply to Edo123.

Not sure about that first part but I definitely agree on the 2nd part about coming at the worst time. There’s a running joke on the site called the RP Vacation Indicator, as the last time I left for vacation was Dec 26th, the very day the huge rally that carried into 2019 started. Just like now, the charts were pricing in a potentially big reversal & sure enough, the day I left this time around we finally got confirmation of the breakdown of those 60-min rising wedges with Tuesday’s impulsive selling.
Oh well, I left town with OCO orders on all my positions & so far, they’ve paid for the vacation. Only time will tell if they will pay for the next one as well. ;-)

Sorry but I must have missed your question on DB. Here’s my daily chart with the big positive (bullish) divergences that continue to build, along with some overhead resistance levels although I’m not crazy about the downtrend line (decent but not a lot or clean reactions to help validate it).

https://www.screencast.com/t/lZihbVIvL

By: Edo123

Edo123 — Thu, 27 Jun 2019 12:21:44 +0000

Vacations are overrated…specially when you have the passion for the markets…and they come usually, at least for me, at the worst possible time…every time my wife is planning a trip I know for sure that the market will move that day…and it works like a clock!

You never answered my question on DB…but it does not matter…it is doing what I thought it should….up…

Enjoy Costarica….que esta’ super rica!!!

By: Deb

Deb — Thu, 27 Jun 2019 06:18:37 +0000

Just enjoy the time with family, those days are priceless. In the US we take a one week vacation, unlike other countries, we are backwards in so many ways! At the end of week one most people just begin to unwind, two weeks are great, three weeks are glorious. JMHO, try and disconnect, personally I am not expecting for you to be there 24/7, enjoy the time off. Gone are the good old days when a snow day actually meant you could spend time with family, seemed to disappear in the early '90's. I remember the advent of conference calls, snow days were no longer the days when the entire family were off, good for some, less so for families. In the end it does not matter too much if you have another 50 or 100 k in your account, family bonds and memories surpass those extra dollars. Showing my age or is that called wisdom :) You'll be back to the daily grind soon enough, so in my opinion, just have fun and come back rejuvenated, as much as you can in a week.

By: mic

mic — Thu, 27 Jun 2019 04:48:15 +0000

Thanks Randy! We decided you should go on vacay more often ?. Have a great time!!!