Technical analysis of the US stock market via QQQ, AAPL, MSFT, AMZN, XOM, /NQ & /ES. Requires Silver or Gold level access.
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Stock Market Analysis 11-26-18
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Randy,
thanks so much for the videos, very helpful. I think, I have heard you mention about retirement accounts. How do you handle yours for trading considering we might be near a bottom, but long term, I see spy on the quarterly looking possibly down.
For the most part, I am more of a swing & trend trader within my retirement accounts whereas I am a very active trader (swing trading & occasionally day trading) in my trading account. As such, I will usually give the swing trades in my retirement accounts wider stops while targeting higher price targets & I’m less apt to try to game a quick counter-trend bounce off the early price targets as I might do in my trading account.
Although I am still net short equities (via sector & index ETFs), I’ve already started reducing short exposure over the last week or so & will continue to do so over the next week or two whether the market goes up or down. Essentially, I’m working my way towards a market neutral positioning (again, backing out positions that are not correlated with the stock market such as precious metals, bonds & commodities) while increasing my cash allocation whereby I will most likely start to scale into long positions for swing trades once it appears that a multi-week rally is likely.