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12/01/2018 Weekend Update
12/01/2018 Weekend Update
Up 1 week, 77% chances higher high ahead the next week.
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Re: 12/01/2018 Weekend Update
“A walk around Anable Basin, Amazon’s future home in Queens”
Great photos of “before”
Next year we’ll see the “after” photos of Amazon and gentrification
https://ny.curbed.com/2018/11/29/181173 ... hoto-essay
Great photos of “before”
Next year we’ll see the “after” photos of Amazon and gentrification
https://ny.curbed.com/2018/11/29/181173 ... hoto-essay
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
Re: 12/01/2018 Weekend Update
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
Re: 12/01/2018 Weekend Update
Trade war paused.
Turmp agreed that on Jan 1, 2019, he'll leave tariffs on $200 billion worth of produce at the 10% rate and not raise to 25% at this time. China will agree to purchase a not yet agreed upon, but very substantial, amount of agricultural, energy, industrial and other product from United States. China has agreed to start purchasing agricultural product from US immediately.
Turmp agreed that on Jan 1, 2019, he'll leave tariffs on $200 billion worth of produce at the 10% rate and not raise to 25% at this time. China will agree to purchase a not yet agreed upon, but very substantial, amount of agricultural, energy, industrial and other product from United States. China has agreed to start purchasing agricultural product from US immediately.
Like to read more of my commentaries? Please subscribe my Daily Market Report.
Subscribers can find all the members only posts HERE.
StockCharts members, please vote for me HERE, thanks.
Re: 12/01/2018 Weekend Update
DIVERGENCE charts
Behind the RSP (third panel) is the “ratio of equal weight to spy” (faint gray)
You can see for much of the year (from roughly May to November), the equal weight underperformed the cap-weighted SPY, then in November, the equal weight started to pick up
I think this means that most of the year, the hot-sexy stocks have propelled the market higher, and now that is changing, as the equal weights pick up steam. I see this as a bullish development.
Also note the bullish divergence as SPX made a double-bottom-ish on 11/23 (second panel), while RSP printed a much higher low (third panel, pink arrows)
Daily, as of Friday’s close
Behind the RSP (third panel) is the “ratio of equal weight to spy” (faint gray)
You can see for much of the year (from roughly May to November), the equal weight underperformed the cap-weighted SPY, then in November, the equal weight started to pick up
I think this means that most of the year, the hot-sexy stocks have propelled the market higher, and now that is changing, as the equal weights pick up steam. I see this as a bullish development.
Also note the bullish divergence as SPX made a double-bottom-ish on 11/23 (second panel), while RSP printed a much higher low (third panel, pink arrows)
Daily, as of Friday’s close
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
Re: 12/01/2018 Weekend Update
Speaking of hot-sexy stocks, we turn to PKW, the Buybacks ETF
Bottom panel is a % PERFORMANCE COMPARISON of PKW vs SPX
I guess by now it’s no surprise that the performance comparison shows they are practically joined at the hip.
Daily, as of Friday’s close
Bottom panel is a % PERFORMANCE COMPARISON of PKW vs SPX
I guess by now it’s no surprise that the performance comparison shows they are practically joined at the hip.
Daily, as of Friday’s close
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
Re: 12/01/2018 Weekend Update
SKEW closed Friday at 114.71
Sentimentrader posted this 11/30
and re-tweeted Bloomberg from 11/30
Sentimentrader posted this 11/30
and re-tweeted Bloomberg from 11/30
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
Re: 12/01/2018 Weekend Update
Crikey!
dow futures are up 400+ points at the moment
dow futures are up 400+ points at the moment
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
Re: 12/01/2018 Weekend Update
To celebrate a recent passing, the US financial markets will be closed on Wednesday, December 5, 2018 ... also, the stock market rallies on the news!