This week´s update is published late Sunday due to some important personal activities this weekend.
Weekly 43
The small caps still underperform, and Mag 7 and the Nasdaq are going like the train. Nasdaq Composite performed well mainly because of strong reports from TSLA and ServiceNow and the new ATH in NVDA.
The coming week more reports come in this busy report period in the markets. For example, Google on Tuesday, Apple and Amazon on Thursday and on Friday it is Oil-day with Exxon Mobil and Chevron. Friday has also an important Nonfarm Payrolls report and job numbers.
S&P500 declined this week driven by rising bond yields that are driven by strong economic data. Gold closed at 2748 $/oz and Silver at 33.70 $/oz. Gold has a nice-looking chart and has gone up a lot. Silver can go down to test the 30 $ level and if it does it´s a buy.
As for trading we had nice gains in XOM, GEVO and UEC. Gains from +6 to +87%. We added a few stocks and now start monitoring a new group of stocks, the Tankship business.
GEVO Inc
Weekly
The Sectors:
We still have four strong Sectors with positive time frames all over: The Communication Services Sector, Utilities Sector, Technology Sector and Financial Services.
The Consumer Defensive Sector has turned negative in the Daily but still is positive in longer time frames.
The Energy Sector is improving again and aims at leaving the negative Daily. The Longer Monthly time frame is positive, and this Sector is the best performing Sector since the Covid crisis with an over 400% rise.
The Consumer Cyclical Sector is near breakdown, and I expect this sector to be the first to give up once a correction begins.
Healthcare Sector have some stocks that make incredible moves but at a very very high risk.
Real Estate Sector, Basic Materials Sector and Industrials Sector are still positive in Weekly and Monthly but lacks a confirmed positive Daily time frame.
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