I love it when we get Dan's long term projection. I also expect a blow off top and reversal in markets coming next year. One of the only guys discussing this possibility.
I’d like to see rotation in the sectors and SPY just to go sideways for multiple months so the EMAs can catch up. Meanwhile it would be nice to see IWM and small caps grind higher.
Hey Dan, I have grown accustomed to only looking at longterm charts that have run like this in log scale, because of the "normalization relative to current price" it provides. Do you have beef with the log scale? Do you ever use it? Or have you just grown comfortable with the regular scale?
How do you play blue sky breakouts when do you decide to start taking profit if the volume is consistent and above average my AVPT has been a rocket since they’re earnings a couple weeks ago
I sell partial into euphoria when RSI levels align in extremes across multiple time frames, and walk up a stop loss on the rest with every higher low formed on whatever specific time frame I am using as my guide.
Just got to play the zoom out game ! Love your content Dan, keep I’ve been a member of TCG off and on and following you on TH-cam since 2016. Much respect and thanks. Do good things ;)
Is there a more common fib retrace level in bull markets like this when looking at the 3 month? More common to see a 38% maybe? I will look more at 3 month now. I’ve added it to my routine but tend to focus in on monthly. Awesome video thanks!
Glad to help! 38% retracement would be the strongest kind of consolidation, bull flag definition. But it can still pull back well below that and remain an up trend. QQQ was 62% 3M retracement of the covid bounce.
Hey Dan, in what scenarios do the tickers within ETFS govern the patterns of that ETF and in what scenarios does the overall strength or weakness of the ETF govern the individual stocks?
we are being told that the boomers are passing down 68 trillion dollars to millennials. If this IS the case wouldn't it be possible to never see a 3m downtrend in your lifetime?
Low IMO, there is significant sentiment correlation. If people have fear or doubts of buying blue chip stocks, that flows to BTC and many assets for the same sentiment.
Thank you Dan, I look forward to and appreciate these broader picture videos so much. For some years I have been someone who switches to bear mode just a bit too early in euphoria conditions, which results in eagerly waiting for the fear conditions. Last Friday when that tiny bit of fear came, I made a little bear money and was happy to buy the dip, but still felt the fear, like the nerves about buying, what if it keeps going down? Just found myself surprised in that realization of feeling those emotions despite the education and experience
👍 I'm bull URNM but not for faint of heart 😂 Thinking 10% spy qqq correction after the inauguration, not life threatening unless major war, good buy opportunity
I wonder what happened to the volume today afternoon? I thought maybe they went all in crypto but I see it now its IWM. It ruined all my QQQ and TESLA calls I gave back what I made yesterday. I know there are a lot of videos but I really appreciate what you guys do. I am a self thought trader. I started trading a couple months ago and I am having trouble about being consistently profitable. I feel like I can see certain things and I know its hard to be consistently profitable for years to come. I would really appreciate any feedback. Thanks for all for your help!
Let's see the Rally continue til Thanksgiving in Small Caps..EV and AI sectors. Can Rivian and Nikola join the Surge. ? Nvidia rising or dipping next week. Thumbs Up video/ comments. Thanks.
I don't think there is anyone more helpful online than you. Incredible teachings. Hope to be on your level someday!
Appreciate it!
Always love these longer-term assessments! Definitely saved this one so I can go back and review as time goes on. Thanks Dan!
Love the longer term chart review. Thank you!
Thanks very much Dan!
You are definitely the best on TH-cam
This is soo good. I'm buying the course.
I love it when we get Dan's long term projection. I also expect a blow off top and reversal in markets coming next year. One of the only guys discussing this possibility.
Dan, you're golden brotha'. Love is the word man. Much much love ♥️ Thanks for being so grounded and for giving us such honest observations.
Thanks Dan! Super helpful as always!
Dan videos are the best videos.
I’d like to see rotation in the sectors and SPY just to go sideways for multiple months so the EMAs can catch up. Meanwhile it would be nice to see IWM and small caps grind higher.
lol that xlv charts crazy
Right? the definition of up only
Excellent doing a summary at the end. Really helps.
thx!
Hey Dan, I have grown accustomed to only looking at longterm charts that have run like this in log scale, because of the "normalization relative to current price" it provides. Do you have beef with the log scale? Do you ever use it? Or have you just grown comfortable with the regular scale?
I only toggle it on when things are exponential/ insane. I have just always preferred regular
Hey Dan, been following since 2017, such solid content. Keep up the great work! 🥰🥰
Thanks for the support!
Quick & Concise thanks Brother ✝️✝️✝️
How do you play blue sky breakouts when do you decide to start taking profit if the volume is consistent and above average my AVPT has been a rocket since they’re earnings a couple weeks ago
I sell partial into euphoria when RSI levels align in extremes across multiple time frames, and walk up a stop loss on the rest with every higher low formed on whatever specific time frame I am using as my guide.
Just got to play the zoom out game !
Love your content Dan, keep I’ve been a member of TCG off and on and following you on TH-cam since 2016. Much respect and thanks. Do good things ;)
OG support thankya!
Thank your for your cool headed & facts based look at the markets
Is there a more common fib retrace level in bull markets like this when looking at the 3 month? More common to see a 38% maybe?
I will look more at 3 month now. I’ve added it to my routine but tend to focus in on monthly. Awesome video thanks!
Glad to help! 38% retracement would be the strongest kind of consolidation, bull flag definition. But it can still pull back well below that and remain an up trend. QQQ was 62% 3M retracement of the covid bounce.
@@ChartGuys Okay great feedback, I will treat it the same as other timelines. Thanks again!
You’re the master!
Hey Dan, in what scenarios do the tickers within ETFS govern the patterns of that ETF and in what scenarios does the overall strength or weakness of the ETF govern the individual stocks?
% weight is most important. Look at top holdings of QQQ % weight and compare to IWM
we are being told that the boomers are passing down 68 trillion dollars to millennials. If this IS the case wouldn't it be possible to never see a 3m downtrend in your lifetime?
I would not bet money on it! Hoping that would mean 50 years....
@ChartGuys haha I'm a scalper anyways. Long term for me is 5 minutes
All Star Charts claim the market bottomed in June 2022🧐
What are the chances if money coming out of these stocks and going into bitcoin ?
Low IMO, there is significant sentiment correlation. If people have fear or doubts of buying blue chip stocks, that flows to BTC and many assets for the same sentiment.
You are getting more dangerous. Great assessment!
boom
thanks bro💪
happy thanksgiving
Same to you!
Thank you Dan, I look forward to and appreciate these broader picture videos so much. For some years I have been someone who switches to bear mode just a bit too early in euphoria conditions, which results in eagerly waiting for the fear conditions. Last Friday when that tiny bit of fear came, I made a little bear money and was happy to buy the dip, but still felt the fear, like the nerves about buying, what if it keeps going down? Just found myself surprised in that realization of feeling those emotions despite the education and experience
Good reflection!
👍
I'm bull URNM but not for faint of heart 😂
Thinking 10% spy qqq correction after the inauguration, not life threatening unless major war, good buy opportunity
I wonder what happened to the volume today afternoon? I thought maybe they went all in crypto but I see it now its IWM. It ruined all my QQQ and TESLA calls I gave back what I made yesterday. I know there are a lot of videos but I really appreciate what you guys do. I am a self thought trader. I started trading a couple months ago and I am having trouble about being consistently profitable. I feel like I can see certain things and I know its hard to be consistently profitable for years to come. I would really appreciate any feedback. Thanks for all for your help!
Watch this: th-cam.com/video/2d3pJzYyo9g/w-d-xo.html
Let's see the Rally continue til Thanksgiving in Small Caps..EV and AI sectors. Can Rivian and Nikola join the Surge. ? Nvidia rising or dipping next week. Thumbs Up video/ comments. Thanks.