End-of-session trade ideas & technical analysis of the US stock market, financial sector, gold, silver, $USD, Euro, Treasury bonds, natural gas, and a few other commodities. Silver or Gold level access initially required.
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Technical Analysis & Trade Ideas 7-1-20
2020-07-01T17:07:25-04:00Jul 1, 2020 5:07pm|Categories: Equity Market Analysis, Fixed Income (Bonds), Forex (Currencies), Gold & Commodities, Subscriber-only Content|Tags: $EURO, $GOLD, $NDX, $RUT, $SILVER, $SPX, $USD, /DX, /E7, /GC, /HE, /LE, /SI, /ZN, FXE, GLD, IEF, IWM, QQQ, SLV, SPY, XLF|10 Comments
DH on the hourly ES and RTY futures. NQ close enough to call it a DH? For sure if the price pulls back tonight?
I went ahead and bought AMZN puts today as it was making an ATH so they seem cheap assuming a correction happens in the next 4 months.
@rsotc Thank You for the update. Could you post a CL chart?
Seems that crude charts pointed down but the fundamentals once again have washed away yet another short idea :-( …. all yellow arrows should have been pointed up the last 3.5 months! One big short day a month sucks!
At 3min you pointed out how XLF financials decoupled from trending with QQQ and SPY.
Interesting, same happened in 2007 prior to 2008 crash.
DJIA & XLF does not seem to be lagging behind but may join the FED party in the next few days/weeks…
TSLA 350 to 1250 in 3 months without any divergence/DL in a daily chart.
He’s just looking for anything to support his Bearish case off which he is wrong by epic proportions. What’s he missed a 50% move in the s&p index wait again your whole life for that opportunity again. And then compound it by putting on short position. Epic fail.
Fight the Fed and trade the market you want not the market u have.
Anybody else having a problem getting the videos to play on their iPhones?
I have the youtube app installed so it opens from my email into the app and plays fine.
Ran some numbers on this week aggregate return trading shady (1) companies vs. well known miners (2):
1. SNES, CGA, YTEN -14%
2. AG, KL +6.2%
Position sizing is miners (2) 20x of shady (1). Not exactly happy with how those shady ones trade so far. They gotta start going up. Really rooting for them.