Comments on: Swing Trade & Mag 7 Analysis 9-19-24 https://rightsideofthechart.com/swing-trade-mag-7-analysis-9-19-24/ Stock Trading, Investing & Market Analysis Fri, 20 Sep 2024 15:55:20 +0000 hourly 1 https://wordpress.org/?v=7.0 By: Mikeflegel https://rightsideofthechart.com/swing-trade-mag-7-analysis-9-19-24/#comment-33711 Fri, 20 Sep 2024 15:55:20 +0000 https://rightsideofthechart.com/?p=215297#comment-33711 In reply to rsotc.

Randy, I would agree with the hunky comment. Can you please condense your pdf and apply to current events. Thanks.

]]> By: rsotc https://rightsideofthechart.com/swing-trade-mag-7-analysis-9-19-24/#comment-33709 Fri, 20 Sep 2024 14:22:49 +0000 https://rightsideofthechart.com/?p=215297#comment-33709 In reply to cmaallc@gmail.com.

It would certainly appear that way. Thx for taking the time to mark-up that chart. To the best of my recollection, 50bp (vs. 25bp) cuts in recent history have been associated with times of market and/or economic duress.

Back just before the Great Recession & the start of one of the worst bear markets in history (which I clearly saw coming), I took some screenshots of some of the threads on a swing trading site I was subscribing to at the time as I knew we were on the verge of a major historical event.

The two guys that ran that site were both all-out bullish long after the Nov ’21 top & well into 2008 (although years later I saw they were stating they called the top & shorted the 2007-2009 bear.. an outright lie). Either way, when the topic of an above-average 50bp cut came up, I cited what happened when the market got a 50bp cut back just when the previous bear market (2000-2002) was getting underway which can be viewed here (assuming this .pdf will open, I usually upload images).

So while no guarantees, 50bp cuts typically don’t come when everything is hunky-dory.

]]> By: pbwilli37 https://rightsideofthechart.com/swing-trade-mag-7-analysis-9-19-24/#comment-33708 Fri, 20 Sep 2024 11:48:25 +0000 https://rightsideofthechart.com/?p=215297#comment-33708 In reply to cmaallc@gmail.com.

Thanks for this question and that is what I have heard as well.

]]> By: stockninja https://rightsideofthechart.com/swing-trade-mag-7-analysis-9-19-24/#comment-33707 Fri, 20 Sep 2024 06:15:32 +0000 https://rightsideofthechart.com/?p=215297#comment-33707 In reply to cmaallc@gmail.com.

Thank you for this!

]]> By: stockninja https://rightsideofthechart.com/swing-trade-mag-7-analysis-9-19-24/#comment-33706 Fri, 20 Sep 2024 06:13:46 +0000 https://rightsideofthechart.com/?p=215297#comment-33706 @randy, Thank you very much for that video and taking the time for my request. Truly, thats all someone like me (retail trader) can do is to gather as much information, charts, gut feel, etc. etc. as we are no match for the big institutions. Truly dont know what will take this market higher and justify these prices but will keep it light for a few more days. Thank you again for all that you do. It truly is giving us the best possible chance.

]]> By: @GEOTRDR https://rightsideofthechart.com/swing-trade-mag-7-analysis-9-19-24/#comment-33705 Fri, 20 Sep 2024 02:16:25 +0000 https://rightsideofthechart.com/?p=215297#comment-33705 We are on the same page and you’re on point imho…..its going to be fun!!

]]> By: cmaallc@gmail.com https://rightsideofthechart.com/swing-trade-mag-7-analysis-9-19-24/#comment-33704 Fri, 20 Sep 2024 01:52:54 +0000 https://rightsideofthechart.com/?p=215297#comment-33704 Hi Randy,
Based on Forbes.com’s Federal Funds Rate History 1990 to 2024, I plotted those rate changes greater than 50 points on the SPY charts. Green vertical lines are increase more than 50 points and Red vertical lines are for more than 50 points rate cuts. I attached the screen shot here. Am I correct to think that any time Fed cut rate more than 50 points, the market moves lower? Thus, today’s jump on the market should be short lived, right?
Thanks,
Dan

Forbes article link is: https://www.forbes.com/advisor/investing/fed-funds-rate-history/

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