Comments on: Stock Indexes Close On Resistance https://rightsideofthechart.com/stock-indexes-close-on-resistance/ Stock Trading, Investing & Market Analysis Tue, 26 May 2020 12:58:28 +0000 hourly 1 https://wordpress.org/?v=6.9.4 By: jzero0000 https://rightsideofthechart.com/stock-indexes-close-on-resistance/#comment-18230 Tue, 26 May 2020 12:58:28 +0000 https://rightsideofthechart.com/?p=201340#comment-18230 In reply to vikingwrath.

Couldn’t agree with you more. Randy missed the huge buy signal in April and his permabear analysis has been so wrong. We have been on the wrong side of the chart on this for sure.

]]> By: Lake4 https://rightsideofthechart.com/stock-indexes-close-on-resistance/#comment-18229 Tue, 26 May 2020 12:32:21 +0000 https://rightsideofthechart.com/?p=201340#comment-18229 The EUR/USD has been rallying all night and the USD (DX) has been sinking as well. Does anyone know why Gold has not been participating with the sinking dollar ?

]]> By: bransth https://rightsideofthechart.com/stock-indexes-close-on-resistance/#comment-18227 Tue, 26 May 2020 11:13:45 +0000 https://rightsideofthechart.com/?p=201340#comment-18227 In reply to Lee.

SOXS has been a money pit the last two months.

]]> By: chrisneal https://rightsideofthechart.com/stock-indexes-close-on-resistance/#comment-18226 Tue, 26 May 2020 09:11:12 +0000 https://rightsideofthechart.com/?p=201340#comment-18226 In reply to becky.

It seems very frothy to me at this time. Heck, the daily ATR for /ES just now came down to the peak level from Dec 2018. The ATR is still way high, but somehow seems normal for the moment… all too quiet.

I’m adding shorts and selling longs still. Almost to a 50/50 level now, with fairly small allocations.

]]> By: Imadaytr8r https://rightsideofthechart.com/stock-indexes-close-on-resistance/#comment-18225 Tue, 26 May 2020 08:12:37 +0000 https://rightsideofthechart.com/?p=201340#comment-18225 In reply to becky.

Honestly, this frickin BS happened to me in Q4 2018 and here I am again losing my ROTH IRA to the Fed …. shorting seems to be fools gold for sure!

]]> By: Imadaytr8r https://rightsideofthechart.com/stock-indexes-close-on-resistance/#comment-18224 Tue, 26 May 2020 08:09:29 +0000 https://rightsideofthechart.com/?p=201340#comment-18224 In reply to becky.

I held on to my shorts in a hope against hope approach … will be looking to jump ship on the next pullback

]]> By: Imadaytr8r https://rightsideofthechart.com/stock-indexes-close-on-resistance/#comment-18223 Tue, 26 May 2020 08:07:18 +0000 https://rightsideofthechart.com/?p=201340#comment-18223 In reply to chrisneal.

Unless you haven’t noticed … since March 23rd we now live in a gravity free world! :-(

]]> By: Imadaytr8r https://rightsideofthechart.com/stock-indexes-close-on-resistance/#comment-18222 Tue, 26 May 2020 08:05:15 +0000 https://rightsideofthechart.com/?p=201340#comment-18222 In reply to Lee.

I have SOXS and TVIX! Welcome to my world :-(

]]> By: becky https://rightsideofthechart.com/stock-indexes-close-on-resistance/#comment-18221 Tue, 26 May 2020 07:58:59 +0000 https://rightsideofthechart.com/?p=201340#comment-18221 In reply to chrisneal.

I really take this break out on such a face value given that it happened over holidays. However I have closed all my shorts except NFLX for now, took a loss and looking fwd new trades. But thinking hit and run might be a better approach if we keep melting up, i.e not holding on hopes it will suddenly turn etc.

]]> By: chrisneal https://rightsideofthechart.com/stock-indexes-close-on-resistance/#comment-18220 Tue, 26 May 2020 04:52:03 +0000 https://rightsideofthechart.com/?p=201340#comment-18220 In reply to Lee.

IMO, /NQ is out of the feasible value zone. So far whenever it goes outside, either up or down, eventually it snaps back inside. There’s some divergence on the RSI to give that idea some teeth. It could be painful to wait as a retest of the 9763 top continues, or even an attempt at that 10k number. But I believe in gravity.

]]>