Simply do the opposite what Randy says in QQQ or SPY with SL at 5% and Target at 10% and simply let trades play out. He’s been wrong since 2022 and kept playing Bearing Divergence which is to me a game of Gambling with the hard earned money!

Just do the opposite what Randy says on QQQ and you will be finally profitable!

It’s ok. His loss tolerance is 10-20%.

@trade0039 when a man is wrong, a man owns up to his wrong doing. I was wrong to call you out on the last message I wrote to you about your long Q’s a week ago. Congratulations on your long Q’s! You come up and follow your trading strategy and we all will do the same. Its getting to the point though that there is a lot of bear blood on the street so its hard not to be cautious at these levels. Keep making money, congrats!

Great insight. I think we all can agree though that the “Fed cutting rates” is overplayed and we already know its 1-2 cuts or maybe even none in 2024. Reading the CNBC article that just came out on the Fed minutes, looks like there is so much confusion. Eventually need to look and depend on market breathe indicators as everyone’s looking at surface events such as Fed cutting rates, AI, stock buy backs/splits, etc, which is currently driving up the market. I think we all know…well I wont say “all”, but this market can’t sustain itself at these levels with the low volume and explanation of stock valuations. I’ll trade whatever is infront of me but just feel as though its just matter of time before the rug gets pulled from under some of these retail bulls.

The “explanation” as to why stocks rallied today is the dollar was weak, yields were lower, and the chance for interest rate cuts were up today. US economic numbers out this morning showed a bit of weakness in June, which reinforces the idea that the Fed can ease. Futhermore, today’s rally in global markets indicates that more liquidity is coming into the markets.
I’m not saying there can’t be a pullback, just pointing out the fundamental catalysts for today’s higher prices.