Comments on: Stock Market Analysis 9-28-23

By: rsotc

rsotc — Tue, 31 Oct 2023 15:14:24 +0000

In reply to jmccallum. Been watching OJ futures since you mentioned it back here. Just took my first starter short position today at 408.45. Mostly a gut fell that the run is over but also noticed a potential buying climax out of the gates today. Parabolic advances never end well. Will only add on weakness, not strength.

By: rsotc

rsotc — Thu, 28 Sep 2023 18:22:24 +0000

In reply to Mikeflegel. Will do. Bullish & long gold, silver, & the miners for now & looking to add to those positions if & as the charts continue to firm up. Will let you know if something changes.

By: rsotc

rsotc — Thu, 28 Sep 2023 18:21:06 +0000

In reply to jmccallum. 120-min chart of /OJ setting up for a nice short on a solid break of the uptrend line with big divergences building. Might join you if/when the TL goes. Thx for sharing.

By: jmccallum

jmccallum — Thu, 28 Sep 2023 17:56:06 +0000

Anybody that does commodities should be short OJ

By: Mikeflegel

Mikeflegel — Thu, 28 Sep 2023 17:50:06 +0000

In reply to rsotc. Could you keep us updated on your gold opinion? Thank you randy

By: rsotc

rsotc — Thu, 28 Sep 2023 16:02:52 +0000

In reply to jmccallum. Definitely some stretched levels on the currencies & metals. I added to my /SI (silver) today & just went took a starter long in the miners as well. Want to make sure this isn't a head-fake before going too heavy though as I trust this market about as far as I can throw it right now.

By: jmccallum

jmccallum — Thu, 28 Sep 2023 15:55:36 +0000

Nice video Randy. DSI actually went as low as 7 for the euro, 8 for gold and silver, 10 for treasuries, and 93 for USD. Those are really incredible levels.

Bottoms on gold, silver, treasuries and a top on USD means stocks are likely to soar.