Comments on: Swing Trade Ideas 7-2-24 https://rightsideofthechart.com/swing-trade-ideas-7-2-24/ Stock Trading, Investing & Market Analysis Wed, 03 Jul 2024 15:18:39 +0000 hourly 1 https://wordpress.org/?v=6.9.4 By: KevinK https://rightsideofthechart.com/swing-trade-ideas-7-2-24/#comment-32714 Wed, 03 Jul 2024 15:18:39 +0000 https://rightsideofthechart.com/?p=214493#comment-32714 In reply to Mikeflegel.

Buy Nvidia after the 10% pullback !!!
It’ll be at 150 soon.
JMO

]]> By: KevinK https://rightsideofthechart.com/swing-trade-ideas-7-2-24/#comment-32713 Wed, 03 Jul 2024 15:07:35 +0000 https://rightsideofthechart.com/?p=214493#comment-32713 In reply to Mikeflegel.

Go with QQQ, TECL, SOXL, FNGU, TQQQ, QLD, UPRO, META, AMZN, GOOGL, MSFT…. or even Tesla. Take your pick. Any mega stock or anything tech that can go up 50-100% in a year. Stay away from the 485 or so crap stocks. The most important thing…. DON’T GO SHORT ! That’s a losers game.
That’s been working for almost 2 years now, why change until something changes?
JP’s been talking the market up. All the numbers coming out now are great. Nothing extreme on inflation or employment. Lower interest rates are coming, and even if they don’t, the market likes things status quo.
The trend is your friend.
When you think the market can’t go any higher…..it goes higher !
QQQ 500 next week !

]]> By: Mikeflegel https://rightsideofthechart.com/swing-trade-ideas-7-2-24/#comment-32709 Wed, 03 Jul 2024 14:07:33 +0000 https://rightsideofthechart.com/?p=214493#comment-32709 How about something that works from here… Anybody?

]]> By: Jeff Vandenburgh https://rightsideofthechart.com/swing-trade-ideas-7-2-24/#comment-32707 Tue, 02 Jul 2024 22:36:11 +0000 https://rightsideofthechart.com/?p=214493#comment-32707 In reply to Bradley.

Great question! I was thinking the same thing. He’s quick to point out the bull market in commodities, which have been really choppy with long periods of downside, but he poo-poos the fresh new breakouts in AAPL and AMZN.

]]> By: Bradley https://rightsideofthechart.com/swing-trade-ideas-7-2-24/#comment-32705 Tue, 02 Jul 2024 20:36:22 +0000 https://rightsideofthechart.com/?p=214493#comment-32705 Randy, why do you consider Apple chart to be “meh?” It consolidated for over a year (~$169-$197), and broke out of the range with a strong candle on June 11. You often comment on the strength of a move following long periods of consolidation. It’s up ~12% since the break of the range.

]]> By: KevinK https://rightsideofthechart.com/swing-trade-ideas-7-2-24/#comment-32704 Tue, 02 Jul 2024 20:24:19 +0000 https://rightsideofthechart.com/?p=214493#comment-32704 Nvidia was down again today and is down 10% off it’s all time high, yet the Nasdaq, the Q’s, the S&P all continued to cruise on to set new all time highs.
Also, the June 20 bearish engulfing candle got snuffed out on each of them today.
That means all 5 bearish candles in the last 5 months have been burned through…
February 16, March 8, April 4, May 23, and June 20.

]]> By: Dkpdkp https://rightsideofthechart.com/swing-trade-ideas-7-2-24/#comment-32700 Tue, 02 Jul 2024 17:49:48 +0000 https://rightsideofthechart.com/?p=214493#comment-32700 Hello Randy- can you please update any Agri stocks that look like good value? Thanks!

]]> By: mljohnson58 https://rightsideofthechart.com/swing-trade-ideas-7-2-24/#comment-32698 Tue, 02 Jul 2024 17:19:38 +0000 https://rightsideofthechart.com/?p=214493#comment-32698 Randy, do you have any thoughts on what is happening to VIX? Why has is seemingly collapsed? It seems like every day it gaps up in the overnight hours and they spend the day pushing it down to support the market.

]]> By: trade0039 https://rightsideofthechart.com/swing-trade-ideas-7-2-24/#comment-32696 Tue, 02 Jul 2024 17:02:28 +0000 https://rightsideofthechart.com/?p=214493#comment-32696 What I think will happen is as soon as Big Tech starts to kick off the Earnings, All short will start to get short squeeze resulting in even bigger and explosive rally!

To be honest its safe to play only the long side or stay on the side line.

]]> By: Jeff Vandenburgh https://rightsideofthechart.com/swing-trade-ideas-7-2-24/#comment-32695 Tue, 02 Jul 2024 16:47:35 +0000 https://rightsideofthechart.com/?p=214493#comment-32695 If you think the market is “all about NVDA,” you’re not paying attention. Just look at the rotation. Money that rotates out of NVDA goes into other Mag7s. If your bearishness in NVDA caused you to miss out on longs in QQQ, AAPL, AMZN, GOOGL, TSLA, then you have to admit there’s a flaw in your thesis.

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