Comments on: Trade Ideas & Market Analysis 8-17-20

By: HermonMunster

HermonMunster — Tue, 18 Aug 2020 17:32:55 +0000

LOL @ comparing trading stocks to the difference between Tinder and Match.com!!! HIlarious

By: wilhud

wilhud — Tue, 18 Aug 2020 16:41:42 +0000

In reply to wilhud. Trend line slightly wrong

By: wilhud

wilhud — Tue, 18 Aug 2020 16:39:58 +0000

In reply to wilhud. XLF also looking precarious and IAT the regional banks. Would be great to get some bank analysis if possible Randy?

By: wilhud

wilhud — Tue, 18 Aug 2020 16:34:28 +0000

Warning bear porn…

BANK putting in negative divergence vs S&P. We saw the result last time.

IWM not participating nor equal weight. Indices held up yet again by tech.

By: becky

becky — Tue, 18 Aug 2020 14:34:48 +0000

In reply to Foreverlearning. I looks to me that EUR had a breakout above the long term down TL. Next level is 1.20.

By: Foreverlearning

Foreverlearning — Tue, 18 Aug 2020 13:36:06 +0000

In reply to Action_Jackson. But also possible that we continue up, we are at .786 fib on silver move for me I think I exit 50% if we close above 28.5 today I am already down a ton on zsl and hate to take a loss. Im stubborn in holding losses. to my own demise.

By: Action_Jackson

Action_Jackson — Tue, 18 Aug 2020 13:26:37 +0000

In reply to Foreverlearning. He keeps saying near term bearish and long term bullish. GLD should meet resistance at the top of the gap which it is almost at. I'm watching the minor up trend on gold and silver. Once that breaks it could start the next leg down?

By: Foreverlearning

Foreverlearning — Tue, 18 Aug 2020 12:57:28 +0000

@Rsotc did DXY just break down? Or is my horizontal like wrong? It took out 92.5 so is it time we abandon the silver shorts and get long inflation plays?

By: Foreverlearning

Foreverlearning — Tue, 18 Aug 2020 02:02:42 +0000

Hey @rsotc what would be the exit point on the SI short? or ZSL, not looking awesome but I understand it may be a bull trap

By: dayoub

dayoub — Tue, 18 Aug 2020 01:57:04 +0000

thanks randy. These are playing out very nicely and I grabbed a basket of these. With the threats of food shortages it seems that these may not be one and dones. I was thinking of keeping small % in portfolio for longer term gains…. esp the grain ETNs. If we get early frosts here in midwest this could come unravelled real quick. what do you see as some of the upside longer term targets in grains or is that really too much of an unknown in commodity fundamentals we just don’t know? Thanks again. Happy to have these in my watch list and plan to trade while miners and metals are consolidating for next leg ups….