Comments on: Stock Market Analysis & Trade Ideas 5-21-20

By: rsotc

rsotc — Fri, 22 May 2020 12:50:00 +0000

In reply to aleyva7225. The trend in the broad market, although mostly sideways to slightly higher for weeks, has been quite resilient. Anything is possible but although I think the next 7% move from here is to the downside, it could be a choppy grind lower. I'm curious to see how today finishes following the most recent sell signals on SPY & QQQ.

By: Fisher76

Fisher76 — Fri, 22 May 2020 11:00:09 +0000

NVIDIA monthly chart.

By: jegersmart

jegersmart — Fri, 22 May 2020 08:42:01 +0000

In reply to ds2000. I also sold about 65% of the silver ion my pension over the last couple of days. The holding was almost 60% of total lol

By: aleyva7225

aleyva7225 — Fri, 22 May 2020 04:15:36 +0000

In reply to rsotc. Could this be the catalyst the bears require!

By: rsotc

rsotc — Fri, 22 May 2020 03:58:42 +0000

In reply to ds2000. Congrats for your profits on that trade & especially for minimizing the giveback of profits. I like to say that deciding what to buy is usually the easy decision while deciding when to sell it is the hard part.

By: ds2000

ds2000 — Fri, 22 May 2020 01:40:31 +0000

@rsotc This is not germane to the video above, but I want to thank you for the heads up on the bearish divergence on SLV yesterday. I'd been holding a position for weeks that was up nicely. Over the last few days I've been reading the chart as a possible bull flag and was holding out for more upside, but after seeing your analysis of the divergence, I trimmed yesterday while it was up. It was a good call. SLV had a noteworthy pullback today: it was off 2.5%.