Comments on: Stock Market Analysis & Trade Ideas 3-19-20

By: rsotc

rsotc — Thu, 19 Mar 2020 18:52:35 +0000

In reply to rsotc. USO just hit T1 where a pullback is likely for those that want to either book profits and/or reverse to a short for a pullback trade.

By: rsotc

rsotc — Thu, 19 Mar 2020 17:53:36 +0000

In reply to gthompson333. YW & best of luck on the trade!

By: rsotc

rsotc — Thu, 19 Mar 2020 17:52:53 +0000

In reply to hoppe008. I use several trading platforms as I have personal & family accounts scattered among various brokers such as Interactive Brokers, Ameritrade & Fidelity. However, not a bad idea to maybe do separate videos for each one once things slow down in the market as I'm hyper-focused on the charts & trading lately. Thx for the suggestion.

By: gthompson333

gthompson333 — Thu, 19 Mar 2020 17:10:09 +0000

Thanks, Randy. Great stuff.

Took a small position on SPY. See if we can get close to that 250 level. If we do, I’ll cash out around 249, for a nice little profit.

What was that ol’ saying “There’s the bulls, there’s the bears, then there are the pigs. The pigs get slaughtered.”.

By: jwconk

jwconk — Thu, 19 Mar 2020 16:28:34 +0000

In reply to rsotc. I bought DBO and USL after reading that the short term contract, USO, would be more volatile as they are pumping way more oil than there is demand...

By: rsotc

rsotc — Thu, 19 Mar 2020 15:29:09 +0000

In reply to rsotc. FYI- My usual go-to leveraged ETNs for trading crude oil long or short; UWT (3x long) and DWT (3x short) seem to have "broken" with UWT only up 7.69% right now as USO (non-leveraged) is +8.92%. UWT should be up around 3x USO. At the same time, DWT is trading down -41%, much more than the ~27% it should be. Might be best to stay clear of those ETNs as the recent plunge in crude may have caused irreparable damage.

By: rsotc

rsotc — Thu, 19 Mar 2020 15:20:56 +0000

The same case that was made for the yesterday's USO swing trade (which had the tight stop hit for a minor loss) can be made today & may soon be even more so now if those 'potential' divergences are soon 'confirmed' via a bullish crossover on the PPO to put in a higher low with upside potential of about 12% if T1 is hit. Once again, the odds of USO (crude oil ETN) rallying increase significantly if the stock market can also get a half-decent rally that lasts more than a few hours going.

By: hoppe008

hoppe008 — Thu, 19 Mar 2020 15:19:21 +0000

Just entered long after the LOD has been defended across many different equities..keeping in touch with this website in the meanwhile. Let's get QQQ to hit that 185 before Fridays close! Randy, have you ever considered doing an instructional video on your trading platform? How to set it up, how to enter positions with stops in place, etc? Would be highly valuable for a fairly new trader such as myself.