Technical analysis on some of the swing trading ideas that stand out at this time including both official & unofficial trades on Right Side Of The Chart. The following trade ideas are (roughly) covered in this order: SPY, SOXX, UGAZ, XENE, RKDA, TNDM, RDUS, AOBC, MJ & cannabis stocks (update, not a trade idea at this time), IEF, TLT, XLE, ENDP, OMI, PTX, M & OREX. playback speed can be increased in the settings to reduce the duration of the video
Here are a few questions from members in the trading room this morning that help to sum up my current thoughts on the market along with some expanded comments on the recent post regarding the extreme sentiment readings that were posted back in January just before the sharp correction: Q: The SPY closed later in yesterday’s session at the support/resistance zone, still feel confident that this is the area to load for long? Thanks. A: Just to clarify the term “load”, if you mean in the sense “load up heavy” or “load the boat” with longs, then no. In fact, I’m [...]
This video provides an update & the outlook for all active trade ideas on Right Side Of The Chart at this time as well as a couple of potential trade setups. Also discussed are some general trading strategies & considerations on aligning one's swing trading with the near-term outlook & trend of the broad market. The video duration can be reduced by increasing the playback speed in the video setting as well as skipping ahead to any particular trades which are covered in the following order: AOBC, OMI*, OREX*, CORN, ENDP, GE, IEF, JJG, SOXX, SPY, UGAZ**, XLE & XOP*** followed [...]
Technical analysis on the US stock market via SPY, QQQ as well as the eleven sectors that comprise the S&P 500. Both the near-term & longer-term outlook for the US stock market are covered. **playback speed can be increased in the settings to reduce the duration of the video**
Updates on all Active Trade Ideas on RSOTC as well as a couple of the recently closed trades such as GDX. Playback speed can be increased in the settings to reduce the duration of the video. The following stocks/ETFs/ETNs are covered in this order: XLE, UGAZ, SPY, SOXX, JJG, DBA (unofficial long), IEF, GE, ENDP, CORN, AOBC, OSTK (closed) & GDX (closed).
The XLE (Energy Sector ETF), which as added as an Active Long Trade about 40 minutes before the closing bell on Friday has already hit T1 at 68.12 for a quick (less than 1 hour of trading) gain of 4%. T2 at 69.92 remains the final target at this time. Previous & updated 60-minute charts:
The following notes & chart outlines the entry criterion, price targets, suggested stop & beta-adjusted position size for a swing trade in XLE, Energy Sector ETF.