Comments on: Swing Trade Updates 2-10-21 https://rightsideofthechart.com/swing-trade-updates-2-10-21/ Stock Trading, Investing & Market Analysis Mon, 04 Oct 2021 19:24:55 +0000 hourly 1 https://wordpress.org/?v=6.9.4 By: hotrodricky https://rightsideofthechart.com/swing-trade-updates-2-10-21/#comment-21504 Fri, 12 Feb 2021 11:35:41 +0000 https://rightsideofthechart.com/?p=203780#comment-21504 In reply to Spullela3.

If you have the time I found this article interesting. https://www.gold-eagle.com/article/forecast-where-are-gold-and-silver-headed-2021

]]> By: tslamoon2022 https://rightsideofthechart.com/swing-trade-updates-2-10-21/#comment-21500 Thu, 11 Feb 2021 23:58:51 +0000 https://rightsideofthechart.com/?p=203780#comment-21500 In reply to Spullela3.

Look into what CNBC was saying before 2007 happened. CNBC (feel free to include WSJ) is not on the side of the individual investor. If anything, they (and/or their counterparts) stand to benefit from squeezing every last retail dollar into longs before a market crash. There always has to be a bag holder and a last person who puts the last dollar in at the very top, in order for there to be a top. Now we have literally millions of new people on robinhood thinking they can make a quick 300% gain in a day or two (and getting bored if it doesn’t happen) sometimes putting their life savings on the line because “it’s either Lambos or foodstamps” (direct quote from /r/wsb)

Great reminiscing with Jon Stewart versus Jim Cramer
https://www.cc.com/video/fttmoj/the-daily-show-with-jon-stewart-exclusive-jim-cramer-extended-interview-pt-1

]]> By: Spullela3 https://rightsideofthechart.com/swing-trade-updates-2-10-21/#comment-21495 Thu, 11 Feb 2021 17:47:40 +0000 https://rightsideofthechart.com/?p=203780#comment-21495 Hi Randy, One aspect that confuses me everytime is the dialogue on CNBC and market analysts like Tom Lee and Mike Wilson of Morgan Stanley who essentially argue that we are in the begninning of another bull market, whereas when i see the charts and at times your commentary we are building divergences and essentially the price action has completely gone out of whack with the number of Ipos and valuations all through the roof in the middle of what is still essentially considered to be a global pandemic.

That said, i have seen this in the WSJ the other day which highlights the madness we are in (examples):
1. AirBNB 2019 Revenue 4.8B, Current market value post IPO: 120.4B, lodgings are down a conservative 50% last year and still down 50% in January if not higher and these companies are getting valuations that blow out their pre pandemic estimates?
2. DoorDash: 885M, market value post IPO: 59.6B
3. Snowflake: 265M, market value: 88.9B

Can you highlight if there are similarities between these valuations and the dot com “bubble” mania where valuations completely lost touch with business fundamentals? Back in 2000, Fed was no where like now. Now and since 2009, the never really stopper QE and essentially at 0 percent interest rates. In the dot.com buble, the fed funds rate was like 4 to 5 percent back?

So how long can this bubble last? Is it inflation that is of concern that may prick it or how long can the fed keep this party going with QE infinity? One argument is they can keep printing as they are not concerned of inflation? But how long can valuations be supported at these exorbitant levels as investors have no where to make money than in stocks? Money sitting in bank is loging value and yields are so low that bond investing is out the window.

]]> By: tk1202 https://rightsideofthechart.com/swing-trade-updates-2-10-21/#comment-21493 Thu, 11 Feb 2021 15:04:47 +0000 https://rightsideofthechart.com/?p=203780#comment-21493 @rsotc Would you be able to go over agricultural commodities? I notice many commodities going up such as corn, wheat, soyb, and etc. I know there has been divergent high on many of these but any thoughts on near term direction? Just like you did with GLD, buy zone type of approach may be helpful to many who would like to position their portfolio with commodities for a longer time frame.

]]> By: becky https://rightsideofthechart.com/swing-trade-updates-2-10-21/#comment-21491 Thu, 11 Feb 2021 08:58:03 +0000 https://rightsideofthechart.com/?p=203780#comment-21491 @rsotc /KC is selling pretty hard lately. When do you think would be a good time to start scaling back in?

]]> By: HermonMunster https://rightsideofthechart.com/swing-trade-updates-2-10-21/#comment-21489 Thu, 11 Feb 2021 03:35:22 +0000 https://rightsideofthechart.com/?p=203780#comment-21489 MPC is touching trendline that goes back to 2018 on weekly chart. RSI and PPO are looking strong but I might take a small short position. Bought back into DRIP today

]]> By: Flanny3 https://rightsideofthechart.com/swing-trade-updates-2-10-21/#comment-21486 Thu, 11 Feb 2021 00:38:01 +0000 https://rightsideofthechart.com/?p=203780#comment-21486 Great video Randy. Your long term charts are intimidating. Would like to hear your commentary on the dot com and housing crashes: they were arguably kicked off by fed policy that spoiled those parties. At least near term, 3-6 months lets say, fed and fiscal policy seems full steam ahead on the loose side. I did not trade the late 60s/early 70s, but aware debt issues of the war and sudden govt induced via gold/ dollar devaluation played a role in market slide back then. either way, it’s a gov’t move or lack of one that gets things going. any speculation as to what may provoke your call?

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