Comments on: Stock Market Technical Analysis 6-30-20

By: roger_guerra89

roger_guerra89 — Tue, 30 Jun 2020 20:41:54 +0000

In reply to jwconk. nasdaq clearly broke recent downtrend. get in and ride in long!

By: Gambler

Gambler — Tue, 30 Jun 2020 20:05:47 +0000

XLK is 105 at close

By: rparksd1963

rparksd1963 — Tue, 30 Jun 2020 19:42:51 +0000

In reply to jwconk. Just need the s&p500 to drop a 1000 points to get back to where he wanted to short.

By: jwconk

jwconk — Tue, 30 Jun 2020 19:30:16 +0000

Clearly negative divergence often plays out for a correction. What I am starting to doubt is the timing. Many divergences you show build for weeks, months or even years. The old refrain about markets being irrational (f/ex: building neg divergence) longer than I can stay solvent in my shorts comes to mind… I have fallen into the trap of adding to my shorts as negative divergence builds but the longer the divergence builds, the more the equity has to correct just to break even… I find that even though “the divergence played out” I either lose money or break even and suffer a lot of anxiety on the way…

By: becky

becky — Tue, 30 Jun 2020 17:52:14 +0000

In reply to anthonyjcross. Second that. Also I'd like to hear Randy's short-to-long term outlook on gold and silver.

By: anthonyjcross

anthonyjcross — Tue, 30 Jun 2020 16:08:54 +0000

Thanks Randy! Will we get your thoughts on SI and DXY today? We seem to be at inflection points.