Comments on: Weekly Closing Market Wrap 2-3-23

By: rsotc

rsotc — Mon, 06 Feb 2023 14:57:31 +0000

In reply to Mikeflegel. Hard to say with the cross-currents of a very strong bid beneath the stock market in recent weeks, especially the market-leading big tech stocks coupled with some recent bearish developments but most importantly watch the levels & potential developments that I posted in the first post today (Monday am).

By: rsotc

rsotc — Mon, 06 Feb 2023 14:55:49 +0000

In reply to Ahmar1977. @JimG is correct, using $TNX for the 10 yr & you can also use $TYX for the 30-yr Treasury yield or $FVX for the 5 yr. Bankrate.com is also a good source for local & national rates on bank money markets, CDs, mortgages, etc...

By: rsotc

rsotc — Mon, 06 Feb 2023 14:53:53 +0000

In reply to devnat. I know the defense stocks are rallying today over the China balloon & fundamentals (i.e.- Biden announces some big defense spending plan) can trump the charts but I definitely don't like the chart of NOC, which just recently broke below the primary uptrend line following a divergent high. I'll take a look at the components of ITA (aerospace & defense ETF) when I get a minute & let you know if anything stands out. Here's my daily of NOC.

By: Mikeflegel

Mikeflegel — Sun, 05 Feb 2023 18:18:09 +0000

Randy, hope you had a good weekend. I wonder if you could give us an update with the futures down strongly over the weekend it looks like your hypothesis of a lower low is going to come about. Sooner we get on board short the better as always With a trend change.

By: Ahmar1977

Ahmar1977 — Sun, 05 Feb 2023 17:16:09 +0000

In reply to JimG. Thank you

By: JimG

JimG — Sat, 04 Feb 2023 20:15:00 +0000

In reply to Ahmar1977. tnx are the 10 years.

By: JimG

JimG — Sat, 04 Feb 2023 20:14:28 +0000

In reply to devnat. Looks rough from the weekly perspective.

By: Ahmar1977

Ahmar1977 — Sat, 04 Feb 2023 03:04:49 +0000

What is a ticker symbol for to check APR or the interest rate?

By: devnat

devnat — Sat, 04 Feb 2023 02:45:50 +0000

Randy, when u have a minute can you chart NOC? Looks like it has positive divergence… Are we getting ready of war over the “spy balloon”?

By: rsotc

rsotc — Sat, 04 Feb 2023 00:18:14 +0000

In reply to Mikeflegel.

TSLA has much more profit potential than shorting the Q’s & SQQQ is simply 3x leveraged short QQQ but that cuts both ways as a big up day on Monday could see TSLA gap up a lot more than QQQ. Risk & return go hand in hand & at least with QQQ, you have diversification among 100 companies… a lot less risk than trading a single stock