Comments on: Swing Trade Ideas 6-12-23

By: trade0039

trade0039 — Wed, 14 Jun 2023 13:18:46 +0000

In reply to Jeff Vandenburgh. For me long on any US equity would be quick in n out!

By: trade0039

trade0039 — Tue, 13 Jun 2023 17:56:12 +0000

In reply to Mikeflegel. Expect reply to your questions in ur next life!

By: Jeff Vandenburgh

Jeff Vandenburgh — Tue, 13 Jun 2023 16:39:12 +0000

In reply to jmccallum. Hope you covered your short.

By: Jeff Vandenburgh

Jeff Vandenburgh — Tue, 13 Jun 2023 16:36:36 +0000

In reply to trade0039. If IWM can close above the yearly pivot at 188, then I think it is worth a long with a stop under yesterday's low (184ish), targeting anywhere from 194.50-201 over the next couple of weeks.

By: Mikeflegel

Mikeflegel — Tue, 13 Jun 2023 16:22:50 +0000

I will say you started the year off great with a few super Calls. Your strongest picks wor tesla and amazon. Good job But why the huge change to bearish after some great run ups. Then stay bearish for losses that could never be made up. In your own accounts you have the luxury of time and can keep close stops. Is there any way you can think about our accounts the same way?

By: Mikeflegel

Mikeflegel — Tue, 13 Jun 2023 16:11:39 +0000

Checking the flavor of the general population here at right side of the chart. I would like to ask a question randy. I’m guessing that With the pause at the fed tomorrow it will be a cell on the news. We’ll start your thirty percent down. But we have missed a Run up in q q of massive proportion. Can you just tell us how you have stayed so berish for The last six months. Thank you.

By: KevinK

KevinK — Tue, 13 Jun 2023 15:08:31 +0000

In reply to KevinK. correction....I meant their 40 week moving averages

By: trade0039

trade0039 — Tue, 13 Jun 2023 15:02:43 +0000

In reply to trade0039. Forgot to mention... I don't care about the divergences, total Price Action only!

By: trade0039

trade0039 — Tue, 13 Jun 2023 14:24:40 +0000

In reply to jmccallum. I am waiting for QQQ to retrace to 357 and SPY to retrace at 431.70 to go long on 15 min TF! It will be a pure PA trades with 2:1 RR

By: jmccallum

jmccallum — Tue, 13 Jun 2023 14:18:05 +0000

That was it. What a massive failure. Hope you got some downside.

By: trade0039

trade0039 — Tue, 13 Jun 2023 14:16:25 +0000

I am seeing money rotation to Equal weight and small caps now such RSP, QQQE and Russell 2000 which is the worst sign for bears as it indicates broad market participation.

By: trade0039

trade0039 — Tue, 13 Jun 2023 14:06:44 +0000

In reply to Jeff Vandenburgh. I think the best one to go long right now would be on VIX and USO simply bcoz it is at strong Support and has good Risk to Reward not bcoz of freaking divergence!

By: KevinK

KevinK — Tue, 13 Jun 2023 14:05:41 +0000

In reply to jmccallum. Good luck with that...Don't count me in. Especially with a FED pause tomorrow.

By: KevinK

KevinK — Tue, 13 Jun 2023 14:01:28 +0000

In reply to trade0039. Lucky you....I lost money last year, and I'm losing money this year.

By: KevinK

KevinK — Tue, 13 Jun 2023 13:53:02 +0000

Weird…. Market rallying early without Apple participating ?????

By: Jeff Vandenburgh

Jeff Vandenburgh — Tue, 13 Jun 2023 13:50:30 +0000

Fantastic breadth so far today. Pray for dips to get more long over the coming weeks. Recessionary downtrend shouldn't begin until Q4 at the earliest, and more likely in 2024. And there's always the possibility that we have a recession where stocks don't fall into a bear market. It's happened before.

By: jmccallum

jmccallum — Tue, 13 Jun 2023 13:49:38 +0000

As perfect an environment to short the nasdaq as possible. This should be fun.

By: trade0039

trade0039 — Tue, 13 Jun 2023 13:43:43 +0000

In reply to Jeff Vandenburgh. Seriously this is crazy that he keeps talking about his divergences. If it was so reliable indicator how come no one is making a single penny here at rsotc?

By: KevinK

KevinK — Tue, 13 Jun 2023 13:37:13 +0000

In reply to Jeff Vandenburgh.

Right on !!!
All the averages above their 20 week moving averages.
Someday this market will pull back 10% or so…that’s normal.
But that’s about all. And then it will bounce back to new highs.
It ain’t gonna pull back 40-50%(now) to Randy’s targets unless there’s a huge black swan event like China invading Taiwan. Even then, it’ll pull back for a while then go back up.
China would have to invade the west coast for a 40-50% decline.

By: G

Tue, 13 Jun 2023 13:35:41 +0000

In reply to seasix. Lol, he's not trading. Sure of it.

By: G

Tue, 13 Jun 2023 13:34:19 +0000

In reply to trade0039.

Let me put it this way..I don’t see any value in remaining subscribed – he has the same charts up with nothing new to offer.. it’s very lazy and he reminds me of those articles I read about people who work 1 hour a day for a comfortable living. Even if he’s right ( about direction) the trading habits he encourages are not healthy at all long term.

By: trade0039

trade0039 — Tue, 13 Jun 2023 13:29:16 +0000

In reply to Jeff Vandenburgh. Not sure if Randy flipped his IRA accounts to long now bcoz look at the charts below of NDX and SPX... In Monthly TF, its above both 20 SMA and 20 EMA!

By: Jeff Vandenburgh

Jeff Vandenburgh — Tue, 13 Jun 2023 13:20:01 +0000

In reply to trade0039. The best thing this experience has taught me is to never put someone else's analysis before my own. Never be lazy with money. And always give the simplest of indicators (the moving averages) the benefit of the doubt (long above, short or in cash below).

By: Jeff Vandenburgh

Jeff Vandenburgh — Tue, 13 Jun 2023 13:16:17 +0000

Shorting some EUR/USD here.

By: tk1202

tk1202 — Tue, 13 Jun 2023 13:11:57 +0000

@rsotc any thoughts or comments on Barclays closing majority of commodity ETNs? I know on this site, there have been many trade ideas for many of them such as JO, NIB, JJG, and etc.