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EricBerndt
Member
EricBerndt
5 days ago

Is it worth doing any trading this week, anyway?

EricBerndt
Member
EricBerndt
5 days ago

I’ve been traveling – can’t figure anything out. The UXVY is falling and the S&P is going sideways . . . You haven’t posted for a few days. Time to just sit it out and wait for a direction to prove itself?

slurpeecz
Member
slurpeecz
12 days ago

Hi, I am new around, looking forward to get into some good trades..:)

slurpeecz
Member
slurpeecz
12 days ago
Reply to  TraderHR

Thank you… And how do I get to know about a new possible trade..? From email or only here in the forum..?

EricBerndt
Member
EricBerndt
13 days ago

3950 may offer some support, but it looks [and feels] to me as though we’re ready for a deep dive. Thoughts?

EricBerndt
Member
EricBerndt
13 days ago

S&P 4000 resistance, and now we head for the bottom of the channel?
Any odds or intuitional input on this question?

Last edited 13 days ago by EricBerndt
Croat76
Member
Croat76
14 days ago

Siniša, could you please look at X (US Steel) Bought it at $23… Where would you look to sell it? I failed to get above 200 sma previous two times. Any info is appreciated. Thx

Pantulu
Member
Pantulu
16 days ago

CVX and XOM both are touching highs….can you please tell target…I got in today small positions

EricBerndt
Member
EricBerndt
16 days ago
Reply to  Pantulu

Pantulu – those are both way beyond the original entries, are they not. They do look like new potential breakouts, but did I miss a trade idea that would suggest entry at these levels. Just injecting my hesitation into the discussion.

EricBerndt
Member
EricBerndt
16 days ago
Reply to  EricBerndt

I fear this bounce is going to be short lived. But – I’m not the expert.

EricBerndt
Member
EricBerndt
16 days ago

Looks like strong resistance around the 4100 level. I’m still mistrusting of the market. You indicated a reversal to a bullish outlook – for the SHORT term. How long is the short term as the upper channel line for S&P is in that 4100 range a short distance away? After that, the lower end of the channel would be around the 3400-3500 zone, unless we break thru to the upside and head for 4200 – 4300. Weekend seems unsettled, to me, so it seems next week will show us how this plays out.
As a sidebar … is this a POSITIVE reaction now from the market to the election results, and is there a logical analysis to apply here? Republicans likely to take control of the House, so the Dems spending spree and Fed interest hikes may be coming under some control? Would this be driving the bounce? We will not know if we have a strong bearish reversal unless/until we pass 4200-4300?

EricBerndt
Member
EricBerndt
16 days ago
Reply to  EricBerndt

Please comment on the above, if you would. In your opinion, are we more likely in a reversal now, or do you ‘think’ the odds are in favor of the S&P continuing to follow the downward channel it’s been on since FEB?

Last edited 16 days ago by EricBerndt
Pantulu
Member
Pantulu
16 days ago

markets running though…out of GD, did not work for us

EricBerndt
Member
EricBerndt
16 days ago

I am right now – pretty quiet most of the time, though.

Pantulu
Member
Pantulu
16 days ago

Hello….anyone there?

EricBerndt
Member
EricBerndt
17 days ago
Reply to  TraderHR

We got a bounce or rebound this morning. Are you still expecting another wave down, or has the shift of power in the house – to republican – going to get anew bullish wave started? Your thoughts.

EricBerndt
Member
EricBerndt
18 days ago

Like to hear your opinion after this reaction to the election. Seems we’re sitting with the S&P on support at about 2790 – ready to drop thru and head for [IMHO] new lows at 3750, then 3700 and BELOW. What is there to stop it now? Please let us know your thoughts.

EricBerndt
Member
EricBerndt
18 days ago

We’re still in HES? With a stop at about 141.40? Am I correct on that?