Comments on: Stock Market & Crude Oil Analysis 3-17-22

By: pbwilli37

pbwilli37 — Tue, 22 Mar 2022 13:09:39 +0000

Randy, what is your thoughts now on oil ? To me the 110 and 112 level looks to be even better to short.

By: mljohnson58

mljohnson58 — Fri, 18 Mar 2022 16:16:02 +0000

The VIX.X smash ( selling short term futures) that has supported the parabolic move just filled its last gap at 24.28. There is another gap lower, but I don’t think we’re going there yet. ES/SPY may be running out of steam.

By: mljohnson58

mljohnson58 — Fri, 18 Mar 2022 14:33:52 +0000

It’s a trap! Battle stations, Shield’s up. LQD and HYG are not participating. We’ll see if they can tag the big picture Fib level resistance above. At a minimum, we’ll close Friday with everything looking bullish as ever and pull as many shorts as they can out of their positions. Just what a CT rally is designed for.

By: dboucher

dboucher — Fri, 18 Mar 2022 14:02:20 +0000

Is now a good time to re-enter weat?

By: pangblood

pangblood — Fri, 18 Mar 2022 01:21:24 +0000

Hey Randy, ACB confirmed the divergence, macd on 1 day chart crossed bullishly, also looks like it’s about to breakout of the wedge

By: Options

Options — Fri, 18 Mar 2022 00:45:54 +0000

Expecting downside next week, IWM looks ready to tag 199 very soon

By: 1111GhettoSpread1111

1111GhettoSpread1111 — Thu, 17 Mar 2022 23:40:42 +0000

In reply to mljohnson58.

@mljohnson58
Great analysis Mr. Johnson
We are absolutely blessed to have not 1 but Two Mr. Johnson’s a part of the County @tjohnson480

Would love to hear more of your 2 cents during the market hours!

By: Mikeflegel

Mikeflegel — Thu, 17 Mar 2022 22:18:10 +0000

This feels like a bull trap going into a Friday floater. We have not seen capitulation selling have we? Randy the mans thoughts please! I missed two days of three uppers.

By: becky

becky — Thu, 17 Mar 2022 21:03:49 +0000

Randy Bear strikes again! Didn’t even last for a day in a bull land. :-)

By: mljohnson58

mljohnson58 — Thu, 17 Mar 2022 20:50:47 +0000

Randy, an alternate analysis to confirm your concerns on QQQ/NQ. Run your fibs from the 3/3 candle high (last touch of the trend line) to the 3/15 lows. This is a bounce, an oversold bounce, and you’ll see quickly the game being played. Get a 60 min close above the next Fib level in the last minutes of trading and it’s greenlighted to the next level. Tonight, we closed in the last minutes above the 76.4% level and my thesis is they will challenge the top of the 3/3 candle. This happens to be exactly the 23.6% fib retracement level from the covid lows to the market highs. I believe they are going to back test that level with this bounce. My 2 cents anyway…