Comments on: Stock Market, Mag 7 & TTW Analysis 10-23-23 https://rightsideofthechart.com/stock-market-mag-7-ttw-analysis-10-23-23/ Stock Trading, Investing & Market Analysis Thu, 26 Oct 2023 07:17:47 +0000 hourly 1 https://wordpress.org/?v=7.0.2 By: orricobian https://rightsideofthechart.com/stock-market-mag-7-ttw-analysis-10-23-23/#comment-29585 Thu, 26 Oct 2023 07:17:47 +0000 https://rightsideofthechart.com/?p=212626#comment-29585 In reply to rsotc.

thanks Randy!

]]> By: william9in https://rightsideofthechart.com/stock-market-mag-7-ttw-analysis-10-23-23/#comment-29583 Wed, 25 Oct 2023 23:03:13 +0000 https://rightsideofthechart.com/?p=212626#comment-29583 In reply to rsotc.

Thanks, I added the lines.

]]> By: rsotc https://rightsideofthechart.com/stock-market-mag-7-ttw-analysis-10-23-23/#comment-29568 Tue, 24 Oct 2023 15:10:21 +0000 https://rightsideofthechart.com/?p=212626#comment-29568 In reply to orricobian.

Sure. NOW recently broke below the uptrend line off the early Jan lows & is currently backtesting it from below, thereby offering an objective short entry with stops somewhat above the trendline, ideally on a solid daily close. One could also wait for a break below the 529ish price support as well. Of course, I’d scrub it for earnings first as we are smack in the middle of earnings season. Daily chart below.

]]> By: rsotc https://rightsideofthechart.com/stock-market-mag-7-ttw-analysis-10-23-23/#comment-29567 Tue, 24 Oct 2023 15:05:45 +0000 https://rightsideofthechart.com/?p=212626#comment-29567 In reply to william9in.

AI wasn’t on my radar before but it is now, thx. I agree 100% that the 23.30ish level is good support that, if clearly taken out, will most likely send the stock lower. If so, I’ve added some potential targets to the daily chart below. The stock has been moving lower since putting in a divergent high & breaking down from that bearish rising wedge back in mid-June. Thx for pointing it out.

]]> By: rsotc https://rightsideofthechart.com/stock-market-mag-7-ttw-analysis-10-23-23/#comment-29566 Tue, 24 Oct 2023 15:01:05 +0000 https://rightsideofthechart.com/?p=212626#comment-29566 In reply to lrhinelander.

Thx, I’ll didn’t have CMF in my fixed-income watchlist & will add it but I do have 3 other CA muni bond ETFs (MUC, NCA, & VCV), all of which have plummeted to multi-year lows like PCZ lately.

]]> By: orricobian https://rightsideofthechart.com/stock-market-mag-7-ttw-analysis-10-23-23/#comment-29565 Tue, 24 Oct 2023 14:26:43 +0000 https://rightsideofthechart.com/?p=212626#comment-29565 Hi Randy, can you please share your opinion on NOW? thanks!

]]> By: william9in https://rightsideofthechart.com/stock-market-mag-7-ttw-analysis-10-23-23/#comment-29564 Tue, 24 Oct 2023 02:40:29 +0000 https://rightsideofthechart.com/?p=212626#comment-29564 Randy, have you seen the Ledge forming on $AI?

]]> By: lrhinelander https://rightsideofthechart.com/stock-market-mag-7-ttw-analysis-10-23-23/#comment-29563 Tue, 24 Oct 2023 00:37:45 +0000 https://rightsideofthechart.com/?p=212626#comment-29563 Randy – PCZ is leveraged.The high cost of leverage likely causing distribution issues and it is not representative of pure CA munis. Better to look at CMF, whose chart is not too different than MUB, slightly better in fact.

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