Tuesday, October 27, 2020

KODK - Make America Great Again!

If there ever was a "Make America Great Again" trade it is Kodak. The stock has been consolidating for another run. The Weekly chart is incredibly strong. Spike soon! Weekly

Friday, October 9, 2020

SVXY - Canary in the Coalmine

SVXY is incredibly weak and has still not made a higher high from June!  SVXY is the canary and it is singing loudly now.

Yes SVXY is finally ready to make a higher high and when it does...


60min Chart

Thursday, October 1, 2020

$INDU - National Embarrassment

The Dow has been an embarrassment for the United States.  Unlike SPX, the Dow hasn't made a new high yet.  

The index was performing poorly and so to try and juice the performance the Dow committee simply changed the composition of the index.

The Dow is price weighted in contrast to SPX which is market cap weighted.  So of course what they did in their effort to juice the index was choose high price stocks to add.