Comments on: SPY & QQQ At Resistance, Reaction Likely

By: KevinK

KevinK — Sat, 04 Mar 2023 04:38:36 +0000

Randy,

There is an island reversal on most bond charts (including TYX and TNX) if you consider one candle an island.
If this is true and plays out, bonds should go up, the dollar should go down, the market should continue higher, and commodities may get a boost (including gold), at least temporarily.
But Powell talks a week from Wednesday, so even if it happens, it may be short lived.
Just a thought.

By: HermonMunster

HermonMunster — Fri, 03 Mar 2023 21:39:11 +0000

Was able to exit BOIL and UNG at a profit today. Good luck to everyone still under water. I think I’ll leave the widow maker alone from here on out

By: Mikeflegel

Mikeflegel — Fri, 03 Mar 2023 21:01:23 +0000

The 2 posts today seemed inconsistent with 1″ another. Obviously for different time frames. Enjoy the dives
.

By: Mikeflegel

Mikeflegel — Fri, 03 Mar 2023 21:00:35 +0000

In reply to becky. That's a good one

By: Jeff Vandenburgh

Jeff Vandenburgh — Fri, 03 Mar 2023 18:08:49 +0000

I’ve heard it said that markets don’t move in a straight line. But since yesterday’s lows, there hasn’t been even the slightest down-tick.

By: becky

becky — Fri, 03 Mar 2023 17:23:38 +0000

The avalanche can only happen when Randy is out of town

By: KevinK

KevinK — Fri, 03 Mar 2023 16:00:31 +0000

Thanks Randy,

Enjoy the Keys and some time off.