Comments on: Stock Market & Commodities Analysis 1-24-23

By: KevinK

KevinK — Wed, 25 Jan 2023 01:33:14 +0000

Excellent observation Jeff. Can’t believe Microsoft went from up about 5% after hours to down 1%.
Can see why Randy is having such a hard time figuring the direction of this market at this juncture.
The market is Schitzo right now. It doesn’t know which way to go.
Not brave enough to short the market right now. Wish I was…Then again, I would have been pulling my hair out when the Microsoft earnings came out.

By: Jeff Vandenburgh

Jeff Vandenburgh — Wed, 25 Jan 2023 01:24:37 +0000

Awesome words of wisdom, Randy, when you talked about getting ahead of the move (to the downside in this case). As bullish as things have been looking lately, and with the initial very bullish reaction to MSFT earnings, things were looking like they’d never go down again. But a couple hours later, and MSFT and the rest of the FAANMGs have given up that initial after-hours reaction and now looking quite bearish. Always difficult to short at the top, but your attention to levels of resistance and bearish divergences, as well as risk vs reward are valuable insights that help us have confidence in taking a scary looking trade when it is the right trade to make.

By: bunyz06rabbitt

bunyz06rabbitt — Tue, 24 Jan 2023 22:00:18 +0000

I’m high on hopium now in regards to my BOIL position but gonna hold onto my neighbors garbage can when I need something to eat. He seems to understand, the wife though, not so much.