The DWT Short Swing Trade hit the maximum suggested stop of 7.79 on Monday for a 4.3% beta-adjusted loss (12.4% total loss x 0.35 beta-adjusted position size due to the 300% leverage). Previous & Updated daily charts below: DWT was mentioned being stopped out several times in recent videos as well as the trading room but as with all official trade ideas, a front page post is made when either the final price target or the maximum suggested stop is hit with that trade and all associated posts reassigned to the Completed Trades archives for future reference.
Here's the /CL (crude futures) 60-min chart. CL broke above the trading range today but without conviction & so far drifting back lower for a possible backtest (bullish if successful) or failure & move back into the range (bearish). CL 60-min May 4th Note the potential negative divergences in place on this marginal new high. Unless those divergences are burned through with additional upside next week, that will increase the odds that this breakout fails, which could send CL back down to, and possibly below the bottom of the trading range. The stop on the DWT crude short was [...]
The following notes & charts outline the entry criterion, price targets, suggested stop & beta-adjust position size for a swing trade on DWT, 3x bearish crude oil ETN as well as comparable levels on USO & crude oil futures.
Technical analysis of the US stock market via SPY, QQQ & E-mini futures followed by the outlook for crude oil & Bitcoin. Some recent technical developments as well as some potential developments & key levels to watch for on the broad markets are also highlighted. ?playback speed can be increased in the settings to reduce the duration of the video
This video begins with an update on the Nasdaq 100 index & the potential stop-raid scenario highlighted earlier today followed by coverage of several trade ideas that stand out in the following order (starting at the 7:49 mark): Crude oil, lumber futures & the timber/forestry sector, Bitcoin via futures & GBTC, the US Dollar via futures & the EUR/USD pair along with a quick discussion of gold & GDX. Starting at the 25:24 mark, all active trade ideas on RSOTC followed by two unoffficial trades are covered in this order: Long Trades: XLP (stoppped out on Friday but still looks good), [...]
This video starts with the near-term outlook for the US stock market via QQQ, SPY & the index futures followed by coverage of the oil & the energy sector ETFs, Bitcoin futures & GBTC, concluding with an update on the US Dollar via EUR/USD & the US Dollar index along with the precious metals (GLD, SLV, PPLT) & related mining stocks (GDX). ?**playback speed can be increased in the settings to reduce the duration of the video**
A quick overview of some of the trade ideas that stand out at this time as well as an update on the near-term outlook for the US stock market via QQQ. playback speed can be increased in the settins to reduce video duration