Comments on: Swing Trade Ideas 4-17-23

By: Jeff Vandenburgh

Jeff Vandenburgh — Wed, 19 Apr 2023 08:16:23 +0000

English CPI came in hotter than expected (back above 10%) and that doesn’t bode well for the “inflation is dead” narrative. Thus begins the return of “higher for longer,” not as a piece of lip service dished out by Fed puppets, but as the most probable forward path. Maybe now the bear market rally finally has a reason to falter…

By: Jeff Vandenburgh

Jeff Vandenburgh — Tue, 18 Apr 2023 20:27:22 +0000

Being bearish is not contrarian in 2023.

By: Jim

Jim — Tue, 18 Apr 2023 16:01:05 +0000

Randy hasn’t mentioned GE lately but as it pokes above the recent steep trendline to a new high, the divergences are still intact. I saw an article noting “unusual options activity” from 4/4/23. Mostly puts between 90-100$, one big call at 100. We’re there. Maybe time for those “whales” to start closing out. We’ll see.

By: becky

becky — Tue, 18 Apr 2023 05:01:18 +0000

In reply to trade0039. I really need to catch up on this. Thx for sharing eur.usd chart.

By: trade0039

trade0039 — Tue, 18 Apr 2023 02:17:35 +0000

In reply to trade0039. Chart attached below:-

By: trade0039

trade0039 — Tue, 18 Apr 2023 02:13:43 +0000

Sharing EUR/USD Weekly chart! Looks very interesting simply bcoz its testing the rising trend line that goes back to 2000 with negative divergence.

Does it mean SPY will tank along with GOLD and EURUSD?

By: Jeff Vandenburgh

Jeff Vandenburgh — Mon, 17 Apr 2023 19:53:52 +0000

Great video, Randy! Thank you for pointing out those commodities and their potential influence in future inflation readings.
I agree with your big picture view, and I’m looking at the timing of the next leg down in equities to likely begin after earnings in the big names, and I’m especially waiting for AAPL on 05/04/2023. After that day “Sell in May!”
In the meantime, the bid is strong under the market and every little intraday or overnight weakness ends up getting bought, so for very active traders, I think you gotta Buy The Dips!

By: rsotc

rsotc — Mon, 17 Apr 2023 18:06:08 +0000

In reply to trade0039. Absolutely: EWG Germany, EWI Italy,& EWQ France all have clear & large negative divergences on the daily time frame just like QQQ. Still looks to me that the next leg down in an ongoing bear market is coming soon so looking for those next check marks (sell signals) on the $SPX & $NDX to help firm up the case for the next swing/trend short trade on the US & most global markets. Thx for sharing.

By: trade0039

trade0039 — Mon, 17 Apr 2023 17:18:49 +0000

Hello Traders,

Wanted to share this chart with y’all. Its for EWQ which is a France Index fund.

Its showing nice Bearish Divergence on Weekly, Daily and Hourly at a Strong Resistant.

Similar chart can be seen on EWG, EWI and EWK. It will be nice if Randy can re-verify.

Hope it helps!