Comments on: Stock Market & Lithium Sector Analysis 2-6-24

By: trade0039

trade0039 — Thu, 08 Feb 2024 02:38:59 +0000

Randy look like you removed some of your trade setup from rsotc site. I had few questions for you on that page.

Anyway, I wanted to ask what’s your stop loss level in SOXX?

Also is it objective to short now on Q’s??? Bcoz I have seen many times in the past you suggested its objective to Short before trendline breaks simply bcoz of RR ratios. As some day market may crash 10% over night and it won’t be objective level at that moment to short.

Any thoughts???

Also on previous videos I was talking about your 20 SMA on Monthly TF (You called it as IRA indicator). You never flipped your bias to Bullish once we had Monthly candle close above 20 SMA on SPY and QQQ.

By: trade0039

trade0039 — Wed, 07 Feb 2024 22:17:28 +0000

Most of the Bearish Divergences are burnt now on Hourly TF on Semis, SPY and QQQ!

By: The Elite Trader

The Elite Trader — Tue, 06 Feb 2024 20:04:17 +0000

Randy, Can you please give your view on /RTY and levels? Thanks.

By: rsotc

rsotc — Tue, 06 Feb 2024 18:29:24 +0000

In reply to hotrodricky. Agreed. MOS has fallen to good support with bullish divergences on the indicators. I'll have to go over the charts of the other fertilizer stocks but can say that MOS appears to offer an objective long entry here at support with a stop somewhat below. Here's my daily chart. Thx for mentioning it.

By: hotrodricky

hotrodricky — Tue, 06 Feb 2024 17:41:33 +0000

MOS hit resistance. and bounced. Time for fertilizer stocks?