Comments on: Stock Market & Treasury Bond Analysis 5-5-22

By: JimG

JimG — Thu, 05 May 2022 23:00:42 +0000

Hey Randy. Think about moving into the bonds funds i have access to through my retirement… so was looking at several different charts. The TLT seems to have some room to go while the ZB i can see reasonable support to buy into for a retest of the trend line at least. Kind of wondering which chart to give more weight to?

By: becky

becky — Thu, 05 May 2022 19:50:18 +0000

In reply to rsotc. Thanks! Appreciate it.

By: rsotc

rsotc — Thu, 05 May 2022 19:46:55 +0000

In reply to becky. I agree that BTU has broken down but many of the others appear poised to break down soon although they are still above their respective uptrend lines or horizontal support. Best to wait for a few more big coal stocks to break down, then hit the sector hard on the short side. I'll try to post some of the better looking setups or do a video on the sector

By: becky

becky — Thu, 05 May 2022 18:05:05 +0000

Could you please share your analysis on coal sector? Looking at BTU here. Possible top?

By: rsotc

rsotc — Thu, 05 May 2022 18:01:10 +0000

Looks like the latest margin debt bubble popped in March. If the key support levels that SPY & QQQ are currently testing are taken out with conviction, that will likely spark a vicious cycle of margin-call induced selling.

By: trade0039

trade0039 — Thu, 05 May 2022 17:52:55 +0000

In reply to rsotc. Thanks!

By: rsotc

rsotc — Thu, 05 May 2022 17:30:17 +0000

In reply to trade0039. /NG had a whipsaw (false breakdown) below the 60-min uptrend line today as negative divergences continue to build. As such, I think the next break below that minor TL will take it down to this primary (thick) uptrend line.

By: trade0039

trade0039 — Thu, 05 May 2022 17:25:37 +0000

Any thoughts on Nat Gas? Below is my thought on Daily and Hourly… Ty!