The following video begins with a brief update on the stock market followed by updates on some of the recently highlighted swing trade ideas including gold, coffee, & numerous individual stocks. Silver or gold level access initially required.
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Swing Trade Ideas 11-24-20
2020-11-24T10:45:52-05:00Nov 24, 2020 10:45am|Categories: Equity Market Analysis, Forex (Currencies), Gold & Commodities, Subscriber-only Content, Unofficial Trade Ideas|Tags: $COFFEE, $EUR/USD, $EURO, $GOLD, $NDX, $SPX, $USD, /GC, /KC, /NQ, EXPR, FXE, GLD, GPOR, IPI, JO, LKCO, ORGO, PEI, QEP, QQQ, QTT, RIG, RKDA, SEED, SPY, UAN, UUP, WMC|13 Comments
Glad to see the swing trades have done well. I liked the “marriage” analogy.
Is that the standard watchlist from interactive brokers?
Good grief, everything goes up unless i buy it, hopefully others have done well following Randy.
LOL! Same here. Seems every time I venture into individual stocks and decide to pull the trigger it takes a nose dive. Frustrating … it’s tough picking losers on an all-time high day but I’ve managed to do it.
Done well following Randy ….yeah righ he’s been short the broad market for 2 years..
Yeah, it really sucks for anyone that took that UAN trade
Quite overbought on daily. Good volume. Support just below, it’s been walking higher. I don’t see why we should give up on this one yet.
With a few exceptions, his trade ideas have been performing very well.
Discovery Communications Inc. ($DISCA) had a break above $26 resistance today. Heavily overbought on RSI though on daily timeframe.
Irrational exuberance anyone? Remember that the market can remain irrational longer than you can remain solvent. Live to fight another day.
I took my first positions in TZA (used chart for TNA), Shorted SPWR, TER. stops are tight
$TNA weekly chart: you may want to tweak the period of your moving averages. 1 candle is 1 week on weekly charts, 1 week is roughly 5 trading days, so I think the period of 200 days on daily chart has to be 40 on weekly chart.
Thank you!
IPI looks to be breaking out and is trading at the $15.00 area. Will see if it can hold over the close and into the open tomorrow.