Comments on: Trade Ideas & Stock Market Analysis 4-15-20

By: Tom123

Tom123 — Thu, 16 Apr 2020 22:39:20 +0000

@rsotc Randy could you post updated charts of /CL and USO Thank You

By: TJS

TJS — Thu, 16 Apr 2020 18:24:52 +0000

nat gas coming out of slumber

By: stockninja

stockninja — Thu, 16 Apr 2020 06:51:37 +0000

In reply to G-Trader. 4hrs ago weren't you bearish? Now that futures are showing green you're bullish? Hmm.

By: G-Trader

G-Trader — Thu, 16 Apr 2020 06:03:01 +0000

Overall I’m still bullish on the markets until we see tech and financials both crumble which so far both have not.

By: wilhud

wilhud — Thu, 16 Apr 2020 05:41:15 +0000

@rsotc SPX % held by 5 largest stocks (not the top 10 as you mentioned) interesting nonetheless.

By: G-Trader

G-Trader — Thu, 16 Apr 2020 01:56:46 +0000

Good analysis Randy. I do agree we will see the lows but my bias is when the Fed calms down. I plan to short heavily next month. Sell in May for sure. In the meantime I do sense a nice little pullback to possibly 265 on the SPY. So I got some puts to hedge. Good luck to all

By: bransth

bransth — Wed, 15 Apr 2020 23:41:18 +0000

In reply to becky. I was day trading AMD pretty regularly before the crash. I can't believe it's at $55. That's insane. It's always a surprisingly resilient stock, but it could lose half it's value from here.

By: bransth

bransth — Wed, 15 Apr 2020 23:37:05 +0000

In reply to Action_Jackson. Officially, it's T4; but he seems to be implying 180 or lower.

By: gthompson333

gthompson333 — Wed, 15 Apr 2020 22:07:42 +0000

Losses in retail blew away even the most negative of estimates. -8.7% for March, year over year. Biggest one month drop in history, and economy hadn’t even felt the full effects of the virus, in March. How do you think the numbers will be, for April? Just food for thought, is all.

By: becky

becky — Wed, 15 Apr 2020 20:26:42 +0000

Just wanted to share something. Maybe my TA is a bit off but I have been in this AMD short for a while, and despite everything it’s been pumping like mad (earnings on 28/4). Unless I miss something, beautiful rising wedge, the stock is only 6% off all time highs. Maybe something that Randy is gonna find worth having a look at. I am not aware of any fundamentals that make this semiconductor company immune to this environment we are in. (hourly chart below, sorry for abundance of horizontal levels, I have to clean this up)

By: Action_Jackson

Action_Jackson — Wed, 15 Apr 2020 20:20:35 +0000

In reply to bransth.

T4 but it may be extended. He is expecting reactions at each Tn’s: https://rightsideofthechart.com/spy-price-target-stop-added/

By: bransth

bransth — Wed, 15 Apr 2020 20:10:41 +0000

What’s the maximum drop for SPY?

By: bunchpr

bunchpr — Wed, 15 Apr 2020 19:07:17 +0000

Randy – What are your current thoughts on /ZC and /ZW? I’m in both and they seem to have broken down from the bullish patterns when you identified them as trades.

By: Morphy

Morphy — Wed, 15 Apr 2020 18:47:15 +0000

Thanks Randy for the timely updates and trade ideas. Booked nearly 50% gain on DGAZ. Waiting patiently for the next swing trade ideas. Best regards.

By: TJS

TJS — Wed, 15 Apr 2020 18:44:59 +0000

Short Bets on Biggest Junk ETF Near Record After Fed’s Backstop

https://www.bloomberg.com/news/articles/2020-04-14/short-bets-on-biggest-junk-etf-near-record-after-fed-s-backstop

By: PWL

PWL — Wed, 15 Apr 2020 18:20:06 +0000

In reply to Foreverlearning. Randy has a lot of comments under his previous post today: Sell Signal Triggered On Stock Futures. He has also made several comments in the swing and daytrading groups.

By: Foreverlearning

Foreverlearning — Wed, 15 Apr 2020 18:13:01 +0000

Hi @rsotc you mentioned a few times that you posted charts in the trading room but I did not catch them.
Are they in a separate section possibly?

By: gthompson333

gthompson333 — Wed, 15 Apr 2020 18:11:10 +0000

Great stuff, Randy. I’m learning so much, watching your analysis. Thank you.

By: oj2020crown

oj2020crown — Wed, 15 Apr 2020 17:56:56 +0000

Hi, Randy I’m a new member and short the FTSE 100 can you get me your thoughts on destinations. Area of support? Thank you.

By: TJS

TJS — Wed, 15 Apr 2020 17:29:41 +0000

In reply to PWL. In previous videos, Randy recommended using the non-leveraged or 2X leveraged vehicles if holding for weeks or months in this choppy atmosphere. He didnt recommend using the 3X leverages in choppy weeks, more so when moves drop up or down more quickly.

By: PWL

PWL — Wed, 15 Apr 2020 17:09:29 +0000

@rsotc: Randy, I just heard you say in this video (around 10:50), you are confident we will see the previous lows again “if you’re willing to hold several weeks or months”. Should those of us holding these leveraged vehicles be concerned about “decay” before that happens?