This video begins with a brief update on the US stock market, market-leading FAAMG stocks, US Dollar, & Euro followed by updates on many of the recently highlighted swing trade ideas including the coal stocks, oil & gas stocks, ag input stocks, Bitcoin & related proxies, and gold.
+4
RKDA is getting close. Price is above a 2.5 year old trend line that’s been hit over 30x. A close above the trend line could be important.
Agreed. Lots of upside potential on RKDA if/when that trendline is clearly in the rear-view mirror.
Hi Randy, Do you think RIOT is still an objective short entry after the gap down this morning?
RIOT was (yesterday a.m.) & is still today trading in what I call “no man’s land”, which is when a stock is trading smack between any decent support and resistance levels. While I still think RIOT will likely hit the 2 price targets that I recently laid out, I’m not a big fan of taking a position on a stock in no man’s land, especially a starter position (vs. adding to an existing position that already has embedded gains). My reasoning is two-fold: First, when I short a stock on a breakdown below support (or go long on a breakout… Read more »