Comments on: Stock Market & Precious Metals Analysis 5-7-25

By: TJS

TJS — Wed, 07 May 2025 20:06:46 +0000

In reply to stockninja. Pop? We're basically in the same place we were a week ago.

By: @GEOTRDR

@GEOTRDR — Wed, 07 May 2025 20:02:55 +0000

QQQ puts a buyin

By: stockninja

stockninja — Wed, 07 May 2025 19:46:54 +0000

In reply to stockninja. Annnnndddd, there's the pop for no apparent reason. Such a crazy market to try to trade in.

By: stockninja

stockninja — Wed, 07 May 2025 19:37:45 +0000

Fed meeting out of the way. Chinese and US officials meeting next week. Most Mag 8 earnings out of the way. Hmm, still feels like this market is somehow, someway going higher. Few more green days then when everyone least expects it, a huge gap down??….just not sure what “event” will cause that.

By: rsotc

rsotc — Wed, 07 May 2025 18:17:26 +0000

In reply to Discount tree. /ES 120m chart along with the 60m chart with some additional support/resistance levels.

By: Discount tree

Discount tree — Wed, 07 May 2025 17:35:25 +0000

Randy, could you please post your ES levels, thanks.

By: rsotc

rsotc — Wed, 07 May 2025 16:40:36 +0000

In reply to fcel. Personally, I don't care to chase GOOGL down 9% on the day while coming up on decent support not too far below but then again, I am benefiting (somewhat) with the swing short position on /NQ so will take it but waiting until FOMC is out of the way before adding (or subtracting) from that swing position.

By: rsotc

rsotc — Wed, 07 May 2025 16:38:43 +0000

In reply to batman. /CL was rejected off downtrend line resistance today followed by a break below the minor uptrend line. Personally, I haven't re-engaged /CL since the recent short trade that hit all 3 price targets & don't have a strong opinion on it right now. Here's the 60m chart.

By: batman

batman — Wed, 07 May 2025 16:33:11 +0000

@randy, update on crude oil and USO please?

By: fcel

fcel — Wed, 07 May 2025 16:26:53 +0000

All in to short GOOGL today?