Comments on: Trading Plan For Current Positions https://rightsideofthechart.com/trading-plan-for-current-positions/ Stock Trading, Investing & Market Analysis Wed, 28 Feb 2024 17:36:06 +0000 hourly 1 https://wordpress.org/?v=7.0 By: KevinK https://rightsideofthechart.com/trading-plan-for-current-positions/#comment-30047 Sun, 17 Dec 2023 22:17:10 +0000 https://rightsideofthechart.com/?p=212988#comment-30047 In reply to MagStew17.

don’t see it going down too much.
Any pullback and the “buy the dippers” come out of the woodwork.
Tough for the market to go down with interest rates falling

]]> By: MagStew17 https://rightsideofthechart.com/trading-plan-for-current-positions/#comment-30036 Thu, 14 Dec 2023 18:48:38 +0000 https://rightsideofthechart.com/?p=212988#comment-30036 Markets slowly selling off. Retailers will be left holding the “Exuberance” bag, while wondering why the markets continue to go down from here. The big boys and girls have been selling into this for sure.

]]> By: stevekille@netzero.net https://rightsideofthechart.com/trading-plan-for-current-positions/#comment-30035 Thu, 14 Dec 2023 18:34:00 +0000 https://rightsideofthechart.com/?p=212988#comment-30035 Thank you for this clear and concise summary.

]]> By: Imadaytr8r https://rightsideofthechart.com/trading-plan-for-current-positions/#comment-30034 Thu, 14 Dec 2023 17:47:52 +0000 https://rightsideofthechart.com/?p=212988#comment-30034 Randy, can you please take a look at BMY? Stock is down 28% YTD but with earnings poised to improve going forward it could prove to be a nice long play for 2024. It also has a 4.63% forward dividend!

]]> By: trade0039 https://rightsideofthechart.com/trading-plan-for-current-positions/#comment-30033 Thu, 14 Dec 2023 17:45:18 +0000 https://rightsideofthechart.com/?p=212988#comment-30033 In reply to rsotc.

If you can break down into smaller time frame, that will be appreciated!

]]> By: KevinK https://rightsideofthechart.com/trading-plan-for-current-positions/#comment-30032 Thu, 14 Dec 2023 16:26:45 +0000 https://rightsideofthechart.com/?p=212988#comment-30032 Randy,
Could you check IWM.
It has been in a trading range of 160-197 for almost 2 years.
Starting to break out today. If it sticks, won’t that be bullish and send the entire market higher ?.
Small cap stocks love lower interest rates.
Lower interest rates won’t be contrarianly bearish for a loooong time. IMO

]]> By: rsotc https://rightsideofthechart.com/trading-plan-for-current-positions/#comment-30031 Thu, 14 Dec 2023 16:04:09 +0000 https://rightsideofthechart.com/?p=212988#comment-30031 In reply to trade0039.

I’ll follow up with some ‘near-term’ analysis based on the 60m & daily charts but longer-term, the semis are one of my favorite sectors to short during the next leg down with about 52% downside from current levels over the next 1-2 yrs.

I love this weekly chart, just look at the “bull market corrections (% drops in red measured from ALL of the weekly divergent highs since the start of the bull market in late 2008). I struggle to see why this time will be different.

Keep in mind that when that bull market uptrend line is taken out (which I believe will happen in 2024 or 2025 latest), that will indicate that the secular bull is over with a multi-year bear market & additional price targets (below 271) to come on SOXX.

]]> By: rsotc https://rightsideofthechart.com/trading-plan-for-current-positions/#comment-30030 Thu, 14 Dec 2023 15:49:44 +0000 https://rightsideofthechart.com/?p=212988#comment-30030 In reply to bctgc27.

Sure. 60m chart of UNG with next term targets (~22% gain from yesterday’s entry if T4/5.60ish resistance is hit). Always best to align entries & exits on UNG with the levels on /NG (futures) IMO. Most brokers, including Schwab (which recently acquired Ameritrade) offer free real-time charts for futures as does investing.com.

]]> By: trade0039 https://rightsideofthechart.com/trading-plan-for-current-positions/#comment-30029 Thu, 14 Dec 2023 15:39:36 +0000 https://rightsideofthechart.com/?p=212988#comment-30029 We need TA on SOXX please?

]]> By: bctgc27 https://rightsideofthechart.com/trading-plan-for-current-positions/#comment-30028 Thu, 14 Dec 2023 15:25:26 +0000 https://rightsideofthechart.com/?p=212988#comment-30028 Hi Randy can you please give upside targets for UNG? Thanks!

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