Comments on: Trade Ideas & Market Analysis 4-1-22 https://rightsideofthechart.com/trade-ideas-market-analysis-4-1-22/ Stock Trading, Investing & Market Analysis Wed, 25 May 2022 16:18:09 +0000 hourly 1 https://wordpress.org/?v=6.9.4 By: dbaldor https://rightsideofthechart.com/trade-ideas-market-analysis-4-1-22/#comment-23628 Mon, 04 Apr 2022 15:06:55 +0000 https://rightsideofthechart.com/?p=207687#comment-23628 Hi Randy,
Any thoughts on ETCG or other crptos? Thanks

]]> By: HermonMunster https://rightsideofthechart.com/trade-ideas-market-analysis-4-1-22/#comment-23627 Mon, 04 Apr 2022 02:49:46 +0000 https://rightsideofthechart.com/?p=207687#comment-23627 Hello Everyone,
Not sure if you know, but the bird flu is picking up steam in the US. Millions of chickens have been slaughtered and stock of an egg producer is exploding. I’m trying to just let the news inform which stock I analyze and then the charts be my guide.

That being said, Cal-Maine foods CALM has exploded. The chart has gone parabolic and I think in the next few days there will be a decent shorting opportunity.

https://i.imgur.com/fYcGu58.jpg

The price is about 4% away from a high from 2017.FYI, the highest RSI on the stock was a whopping 97 back in 2003
https://i.imgur.com/k1nVOX0.jpg

]]> By: Ahmar1977 https://rightsideofthechart.com/trade-ideas-market-analysis-4-1-22/#comment-23626 Sun, 03 Apr 2022 15:18:15 +0000 https://rightsideofthechart.com/?p=207687#comment-23626 @rsotc /ZB H&S pattern monthly chart

]]> By: sirskoal https://rightsideofthechart.com/trade-ideas-market-analysis-4-1-22/#comment-23625 Sat, 02 Apr 2022 15:05:45 +0000 https://rightsideofthechart.com/?p=207687#comment-23625 Randy, if you look at daily chart of the QQQ, it appears to have been riding the 5 ema since March 16th, but on a 1- minute chart, it never touches the 5 ema. As you may or may not know, the only price it will touch the daily 5 ema exactly is the previous day’s 5 ema. So do you extrapolate the trend of the daily 5 ema or any daily moving average to guestimate where the low might be if the stock is “riding” a specific moving average? Thanks

]]> By: rsotc https://rightsideofthechart.com/trade-ideas-market-analysis-4-1-22/#comment-23624 Fri, 01 Apr 2022 17:27:55 +0000 https://rightsideofthechart.com/?p=207687#comment-23624 In reply to trade0039.

Common misconception. The $VIX is what is referred to as the Spot VIX. The $VIX cannot be traded directly, rather through various proxies such as VIX futures, options on the VIX futures, and ETNs such as UVXY that track the VIX futures. The soon-to-be retired VXX as well as VIXY(+1x) & UVXY (+2x) track short-term VIX futures, such as the April & May contracts right now. Others, such as VXZ & VIXM track mid-term VIX futures.

Just as with other futures contracts, such as the stock indexes, the price of various futures contracts with different expirations will be vary somewhat in price.

]]> By: trade0039 https://rightsideofthechart.com/trade-ideas-market-analysis-4-1-22/#comment-23623 Fri, 01 Apr 2022 17:15:21 +0000 https://rightsideofthechart.com/?p=207687#comment-23623 Little confused here… I am looking at the ticker UVXY and I can see VIX is up 1% today while UVXY is still down 0.7%. Any reason for that? i thought UVXY is 2 times the VIX?

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