Comments on: Swing Trade Ideas & Market Analysis 11-12-19

By: AlexCN

AlexCN — Thu, 14 Nov 2019 08:45:11 +0000

Hello Randy! Would you mind trying to fit in a little analysis on Gush/Drip/Oil & Gas prod. When you get a chance? I’m looking at these charts, and it appears there is one hell of a trade lining up to the DOWNSIDE for DRIP (Upside for GUSH) with a confluence of powerful overhead resistances in the $80 to $81 area for DRIP. This looks like it could make for an outstanding trade as these 3x equities can move like crazy when timing is right which looks to be fast approaching. Your thoughts would be much appreciated!

By: wilhud

wilhud — Wed, 13 Nov 2019 07:12:57 +0000

Hi Randy, Coffee on the weekly looks like an absolute monster. Would you advocate building a swing position here? Fibonacci levels look rather interesting.

By: bryrune

bryrune — Tue, 12 Nov 2019 20:13:25 +0000

So far nice fake down I’d like to see what happens tomorrow looks like there is a solid recovery and fight at 8250.

By: QBH

QBH — Tue, 12 Nov 2019 20:04:27 +0000

In reply to bryrune. That was before the new 8300 ATH. For me, a solid break and close below 8228 will be the signal.

By: bryrune

bryrune — Tue, 12 Nov 2019 20:00:22 +0000

In reply to Miked8124. Still think there are a lot of stops at around 8200 if it goes much below that it's to good sell signal, plus I'd also like to see the VIX a full solid day above 13 or I'm skeptical of a breakdown.

By: Miked8124

Miked8124 — Tue, 12 Nov 2019 19:54:51 +0000

In reply to bigelephant. maybe

By: bryrune

bryrune — Tue, 12 Nov 2019 19:51:51 +0000

In reply to bigelephant. I remember him saying that a solid close below 8200 would be the trigger will need to wait and see.

By: bigelephant

bigelephant — Tue, 12 Nov 2019 19:43:04 +0000

Randy, is this the start of the reversal?