Comments on: Stock Market Analysis & Breadth Indicators 5-30-24

By: Chazzzj

Chazzzj — Fri, 31 May 2024 12:22:40 +0000

In reply to rsotc. I will check these out. I bought a decent amount of SQQQ on May 23 at 9.62 and it did not move very much. Yesterday it was at 10.02.

By: Chazzzj

Chazzzj — Fri, 31 May 2024 12:02:04 +0000

Good morning, Randy, your analysis on the red candles on the Mag 7 last week was an eye opener. So, I bought some June and July 14.50 calls on the VIX last week. They helped my accts stay just about even in this crazy week. Plus, I lightened up on some stocks last Friday. It’s a battle but trying to stay Objective. Thank You for your time.

By: stockninja

stockninja — Fri, 31 May 2024 03:22:37 +0000

@randy, the greatest commodity you are giving us is not your knowledge or your analysis, it truly is your time. I'm sure I'm not the only one who appreciates the time you spend making and uploading these videos. Are all of my trades winners?.....hell no, but your analysis adds to my strategy to give myself the best chance....thats all a trader can ask for. Did very well these past few days. Keep up the great work and know that your time and energy is appreciated. "You will never find a hater/troll doing better than you".

By: rsotc

rsotc — Fri, 31 May 2024 00:22:57 +0000

In reply to AP. PSQ is the non-leveraged (-1x) short QQQ ETF while SH is the -1x ETF for SPY. Leveraged ETFs, particularly the 3x, are prone to decay if held for extended periods of time, especially during extended periods of choppy / sideways trading / consolidation. QID is the -2x short QQQ if I were to position for a multi-month+ downtrend in the Q's with the intention of riding out the counter-trend rallies, I'd probably use QID or PSQ.

By: AP

AP — Thu, 30 May 2024 22:39:27 +0000

In reply to Mikeflegel. SL and TP help with that

By: Mikeflegel

Mikeflegel — Thu, 30 May 2024 22:11:46 +0000

In reply to AP. Never sleep short.

By: AP

AP — Thu, 30 May 2024 21:10:27 +0000

Hey Randy, I know you have already talked extensively on vehicles to ride the longer term bear scenario. On a potential basis , would SQQQ be the best one for someone who wants to take a position and just let it ride ? – in a take it and go to sleep kind of mode.
Thanks