The following video provides end-of-day technical analysis of the major stock indices, S&P 500 sectors, FAAMG stocks, & semiconductor sector.
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The following video provides end-of-day technical analysis of the major stock indices, S&P 500 sectors, FAAMG stocks, & semiconductor sector.
I appreciate you posting the Charts and reviewing levels in your video. I set my stops based on your TLs. When they are similar but different on Hourly vs Daily which should I use for trading? For example on QQQ, Hourly TL $228.81 and 228.68 on Daily. Hourly TL 224.45 and $223.33 on Daily.
IMO: If you trade intraday – hourly and below. If you swing for days/weeks = daily. I think you can adjust the exact final targets based on hourly when placing the “take profit” order but apart from that I believe the significance depends on the time frame you swing. Usually if you swing for days/weeks then the move is prolly 5-10% in the underlying so it doesn’t matter if your levels are to the penny on the micro level as long as you take profit before the reversal, hence what Randy teaches you is to have adjusted targets, i.e cover… Read more »
Thx for your thoughts Becky. I am a swing trader (short Qs) but booking gains on these downside moves has been tough, they are quick… As you can imagine, I want to book as much gains as I can, but also not miss the move by holding out too much. It would seem to me that the 60 minute chart is more detailed so the 60 minute level would be more exact than the Daily level…
@rsotc Yes, Randy. I agree with @jwconk. Since the market has the possibility of dropping right now, can you give us official target price of SPY, IWM, QQQ, and even VIX please. I am confused about the ranges of GLD and SLV too. Thanks.
RSP equal weight S&P500 looks like a nice break down if we can get some follow through today.
Also with banks reporting next week BANK looks good for a break down too.
Sorry to see the news on Florida ICU beds being full too
https://www.reuters.com/article/us-health-coronavirus-usa-florida-idUSKBN2482IS?taid=5f04b95417654f00015acc52&utm_campaign=trueAnthem:+Trending+Content&utm_medium=trueAnthem&utm_source=twitter
@rsotc Thank you for the update. GC and SI are breaking out any thoughts? any individual gold or silver stocks that stand out? Can you give us your opinion? Thanks