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U.S. Stock Market Analysis (video)

Technical analysis of the U.S. stock market via the index tracking ETFs; SPY, QQQ & IWM as well as the outlook for the market leading FAAMG stocks (FB, AAPL, AMZN, MSFT & GOOG).

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May 5, 2017 3:11pm|Categories: Equity Market Analysis|Tags: , , , , , , , , , , , |3 Comments

3 Comments

  1. oxienergie May 6, 2017 11:51 am at 11:51 am

    @rsotc Randy what are your thoughts on the official TECS trade at this point? If we see that last thrust up in the market next week, that will most likely trigger the stop on TECS as we are quite close to it already. As we’re expecting a move down afterwards, it might make sense to suspend/lower the stop?

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    • rsotc May 9, 2017 9:55 am at 9:55 am

      Sorry, I missed this earlier. Although it’s getting close, I’m going to stick with the original suggested stop of any move below 11.40 on TECS although at most, I might revise that to a daily close below 11.40 instead. While the tech sector (XLF) has only gained just over 4% since the short entry, it has been shrugging off all of the bearish technical developments so I’d rather let this one go with relatively minimal losses, should the stop get hit, than allow for additional losses that are not inline with my profit expectations at this time.

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  2. snp May 7, 2017 11:30 am at 11:30 am

    a thorough study of divergence using indicators and oscillators seems to reveal that as long as shorter time frames continue to achieve the same levels of rsi or stochastic that the longer term divergences can be delayed from having any effect. ie: divergence needs to occur on all time frames. shorter being 10-60 min, longer being daily and weekly. there are several elliott wavers who have called the last 16 month rally pretty well, and they still see 2450-2475, in this wave 5 up. i suggest incorporating elliott wave into your market analysis along with the divergence study. they both work.

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