Yes, that Mark Fisher plays us like the rest of those talking heads.
And the nat gas futures are rolling this weekend to March, which is currently $2.24, so expect a big drop in UNG, Boil on Monday. Oh and don’t forget that UNG will do a reverse stock split 1:4 on Wednesday the 24th. Further screwing any longs. Should have bought KOLD. Ugh!!

When the bulls turn bearish, it’s time to jump in with both feet and go long.

The market goes up when everybody thinks it’s overbought and needs to pull back.

LIKE NOW.

At least Tom Lee is on the Right Side of the Chart lol!

I can’t make a strong case to be either long or short nat gas based on the charts today but that could change soon so feel free to bump me again. UNG has fallen (hard) back to the T2 (former resistance, not support) on the UNG 60m chart from the recent long trade & the soon to be expired /NG Feb contract has fallen back to T1 (now support) from that same trade but I can’t make a decent case to step in on the March contract & that is probably most of what UNG has rolled into by now. Here’s the update 60m chart the Feb

Also RR will never be 3:1 bcoz once SOXX drops 10% you might say book partial profit of move your SL to breakeven while we never move our SL when we short. Instead when SL is about to hit while shorting, we move our SL further higher…

Would you agree?

Randy can you tell us about the objective levels to go long instead of Short?

You might throws us some of the screen shots about your entries and possible scenarios but clearly in the videos your outlook has always been Bearish!

No. In fact you must not listen to many (or any) of my videos because I repeatedly say that divergences (positive or negative) are not buy or sell signals (or objective entries) just as overbought & oversold are not buy or sell signals, merely conditions that indicate an impending reversal is likely soon.

What are buy & sell signals are breakouts above bullish or bearish chart patterns, support or resistance levels, candlestick reversal patterns, etc.. I’ve stated on more than one occasion in videos this week alone that the next sell signal on SOXX will come on a solid break below the rising wedge pattern on the 60m chart. I also went so far as to say that if anything, SOXX was not an objective short but only an objective LONG earlier this week when it had fallen to the uptrend line (support) that defines the bottom of that 60m rising wedge pattern. Honestly, most of the analysis & all the “little” but very important nuances of my analysis & how I trade are found in the videos, not the posts with a screenshot of a chart & a paragraph or two.

Depends on one’s price target and also whether or not they took a hard (full position) or soft (scale in) entry. My next long-term (downside) trend target on SOXX is around 271 which is 55% below current levels. As such, a 15% stop on a trade targeting 50% would be better than a 3:1 R/R.

However, until the purple key support levels on most of the Mag 7 stocks that I’ve been highlighted for months are taken out, I can’t make a case to be aggressively short the stock market or the semis. Swing trading the semis long & short has been, by far, the most lucrative strategy recently; like when we shorted SOXX down from the late July highs & then covered & reversed right around the late Oct/early Nov lows & when long.

Next sell signal or objective add-on to an SOXX short at this time is still pending on a break below the recently highlighted 60m rising wedge pattern.

I’ve actually lost more on my QQQ shorts than I have on my NATGAS longs. … CNBC had their Oil Guru on Wednesday and he said large sums of money were due to come into NatGas yesterday and today! He clearly was confused. Probably had a Biden moment. I think his name is Mark Fisher.