The following video begins with technical analysis of the US stock market followed by various swing trade ideas. Silver or Gold level access initially required.
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Trade Ideas & Market Analysis 5-19-20
2020-05-19T17:16:48-04:00May 19, 2020 5:16pm|Categories: Equity Market Analysis, Forex (Currencies), Gold & Commodities|Tags: $EUR/USD, $EURO, $GOLD, $NDX, $SILVER, $SPX, $USD, /DX, /E7, /ES, /GC, /NQ, /SI, ACB, CGC, DAL, FXE, GLD, LUV, MJ, QQQ, SAVE, SLV, SPY, TGODF, TLRY, TVIX, UAL, UUP, WFC|5 Comments
And can you believe consensus is for another 2.5M jobless claims? I am starting to wonder if I will be one of those in the line!!!!
Yes, I read the majority of those jobless claims are individual investors who tried shorting the market and are now all underwater and broke. LOL. I will be in the line soon too.
Randy, was that a sell signal on XLF on the last 2 hourly candles today – trendline breakdown & PPO crossover ?
Wells Fargo looks more similar to the Euro banks. Although potential positive divergence. To me it has more of a look of a broken descending triangle with a retest and rejection so far. Remember the Fed is still pumping in $500bn a day in repo operations after months to keep the negative equity, MBS and bonds afloat. From what I’ve noticed, positive divergence only tends to work when companies stay solvent, I’ve followed a few where the positive divergence doesn’t play out because the share prices are down for a reason ie they’re bust. Hence, I agree Randy quite wise… Read more »
thanks for the video Randy. Airlines could be a bear flag no?