The following video begins with analysis of the major stock indexes highlighting key technical levels and developments to watch for followed by various market breadth & sentiment indicators providing clues to the health of the stock market rally.
10+
Wow, this is the first public video since market hit bottom. Hopefully it will bookend well and this is the top of the “bear market rally”.
Sideways. Sideways sideways sideways. Break trend doesn’t = collapse. It’s a hard lesson but also a very recent one. Overbought can be corrected in time.
Spot on Randy…been managing assets for 30 years and we are close. My clients are calling me to whine that we have missed the rally and my 23 year old nephew has been trading the “junk stocks” that you mentioned without any prior investment skills. i urged him to sell everything he owns last night. i could be wrong but my guess is many on your site have not experienced a real bear market yet and they would be wise to heed your warning. Keep up the fight!
Agree. Nice work from Randy on this video.
Same I have had my brothers and cousins and co workers telling me I should be buying makes no sense
I agree, and on the other side of the coin my friends have thrown in the towel for shorts. I’m skeptical we will revisit the March lows though.
Well, over the last couple weeks I have really come to understand the term “Fed up!” From all angles.
Ah Randy. Good analysis as usual. I am on this site because your technical analysis is almost exactly like what I used. There, however, has always been one big problem with technical analysis. All the information is readily available to everyone if they put in the time. This means the Algos can front run you and chop you up. Because of this , I moved to a more macro understanding of the markets. For me, the bear market started in 2018 when a tilde was hit and the rate of change began to slow. We have been accelerating to the… Read more »
What do you think is a good stategy for the next year?
Futures totally break down overnight. Don’t underestimate those robinhood FOMOs, they can take near bankruptcy stocks to impossible highs quickly. By the same token, they can crash the market when they all run for the exits at the same time. All you need is a big gap down to trigger the event.
Looks like NQ is reversing right on cue from the megaphone pattern. Negative RSI divergence is looking good. Stocks at highest valuations since dotcom.
We have a euphoric high full of Robinhood traders in the midst of a global pandemic. Dotcom x 2008 = 2020?
1929 footprint is still in play on the Dow.
What is Dr Copper trying to tell us? Looks like a perfect back test and rejection.
Another divergence worth looking at little guys punting on higher prices has gone nuts…
@wilhud: do you use tradingview for charting and trading? What do you think of the platform?
It works for me. I paid for the yearly subscription on Black Friday, they offer a large discount something like 50% off from memory..
Great stuff, thanks Randy!
Dollar breaking out and SPY island top?
My dentist bought at 3200, so i guess thats indicative lul
Great video @randy, very informative and educational. Thank you!