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Wednesday, January 20, 2021

China - FXI and YANG

The Chinese market has been bid up and appears overbought. The Shanghai SSEC has traded poorly since July and looks like it will roll over soon. FXI has been having difficulty at this level for many years. FXI is overbought on daily and YANG daily is oversold. Weekly and Daily

Monday, January 18, 2021

KODK - Update

KODK continues to be a top pick as the company transitions into pharmaceuticals during a healthcare crisis. The monthly chart has been up for the third month in a row. This is encouraging although the month is not over and there is not a lot of strength showing yet. The daily has been channelling and is near the lower support. Monthly and Daily

Tuesday, January 12, 2021

DRIP - Oil Stocks Analysis

Oil stocks are setting up interesting trade possibilities this year with Oil prices and the rise of Electric Vehicles. Currently there is consolidation occurring. Daily

Wednesday, January 6, 2021

CCL - Rough Seas

As anticipated the reopening trades took a hit in December and the reopening is having further setback in January. UK lockdown, mutations, and PCR testing restricting travel when the model predicted a setback. Carnival came close to hitting the $25 target in December. Raise the target to $26 for April. Daily

Tuesday, January 5, 2021

Gold - Long Term Charts and Central Banks

Gold is currently trading around the 2011 peak. With 10 years of buying by central banks the price of Gold is the same as 10 years ago. Gold may have have short term upside, but what is troublesome is that the central banks may have overinflated the price. When central banks were sellers the low was marked around $250 in 1999. Now central banks are buyers, but when they return to a neutral stance the price of Gold would likely fall. 7 day chart

Wednesday, December 30, 2020

VXX - Testing Panic Gap

VXX is testing the panic gap from February. It probably will be a fast dip when it fills. Interestingly the trendline trajectory is lining up with the Inauguration January 20th. Daily

Thursday, December 10, 2020

$SPX - Comparison to 2016

SPX is mimicking 2016. Both years saw lows around March, with June and September corrections, and rally after the Elections. In 2016 there was selling in later December and then a larger selloff March and April. 2 hour chart