The Weekly update 39 is ready. You will find Package Foods and Household & Personal Products in this Sector. Are there others too? Which Stock is trending here?
Investigate further and Subscribe to get options for your next Trade!
The Weekly update 39 is ready. You will find Package Foods and Household & Personal Products in this Sector. Are there others too? Which Stock is trending here?
Investigate further and Subscribe to get options for your next Trade!
Basic Materials Sector had a nice week and are strong but can hit a zone of resistance and hesitation. That is common when a new trend starts. The Market needs to think and feel before the next leg higher. Energy stocks ended the week higher. The Goldminers taking a pause. Dividend stocks turned up. Healthcare Sector ended the five day downtrend but is it enough to save the Daily trend?
Find out in this Weekly Update 39 and in the new TSC Premium.
The Weekly Sector Update is ready.
Highlights this weekend in Premium is:
Updated and refilled Top List of Gold and Silver miners!
The Best Junior miners!
One Gold company with great future making a new Trend!
Today Gold reaches 2620 and futures 2645.
At these levels we have lots to choose from when it comes to Gold/Silver miners. I see well performing companies here and there will definitely be good reports later. Look at NGD, IAG, KGC, AEM. Very solid companies. Why not buy these instead of MEME-stocks? Or overvalued Tech-stocks?
The upcoming Fed rate-cut dominates the markets. Will it be .25 or .50? Well who cares? The stockmarket does! Everyone does. The stockmarket goes down and then up again in the stockmarket bungy-jump responding to different numbers and statements from Fed members and tech-giants. It is kind of NOT interesting..
What is more interesting is that GOLD is at it´s all time high for the 52. time! How many M&A:s does it take to change institutional interest in the Gold/Silver miners?
I personally am very surprised to see well financed Junior producers attract NO interest at all from investors when Gold is at 2550$. They could have been interested already at 1700..
This week we have some great examples of what can happen when it comes to trading-opportunities! And that is definitely not only in the PM space. I will show them in the Premium-section of my service!
We still have six strong Sectors that are trending up and in those we can look for short to medium term trades.
Consumer Cyclical Sector, Utilities , Real Estate, Financial Services, Healthcare, Consumer Defensive.
Long term Sectors are Energy Sector, Basic Materials, Industrials Sector and lo and behold, the Technology Sector. Energy and Basic Materials Sectors are not there yet. Tech and Industrials are hoovering around 0 in Daily and Weekly, not sure were to go.. Have a look at the primary trend Sector Analysis.
Lastly we have the Communication Services Sector that is emerging into a stronger Monthly trend.
Welcome to join us towards a better understanding in how to make use of the Trends in our Trading.
/Trader Sven
Gold reaches ATH and there is no overhead resistance since this is uncharted territories. Gold/Silver stocks gained momentum yesterday and this can be a restart to a bullmarket.
HUI is nearing a breakout-level at around 326. If you are not yet updated on Gold/Silver miners you can start looking at the majors. They will move first. The midtiers and juniors will come soon thereafter. Be sure to do your research and if you need help in finding the trending stocks you can sign up for my Premium Service:
The Sven Connection Premium
Today at First North, Helsinki, Finland. Trading high at 16,996 Euro and 11,60 as a low. I bought at 11,90. SFOODS has 24,55 Million shares outstanding and a marketcap of 295 Million Euro so far.
This week volatility increased by the second half of the week. Like during week 35 it increased to over 20 on the VIX CBOE. This was anticipated since this weeks numbers sort of promised volatility. Since 8/27 NVDA has been in decline and the Technology Sector as a whole. Let us take a look at Semiconductors:
SOX ETF down -24% from the highs, NVDA -28%, AMD -42%, AVGO -25%, ARM -39%, SMCI -65%!
When looking at the plain numbers it seems NVDA and AVGO are best suited for a bounce when this sell off ends. Anyways these stocks are showing substantial losses in their shareprice and marketcap.
And still the hope is there for the AI and Semis to save the world. Amazing! (AI can be of good help for disabled persons and that is perfect) However if we reach oversold areas under RSI 30 it can be time for a bounce in these techstocks. Maybe starting at the end of the coming week. But it depends on the numbers reported next week. We have the ISM Manufacturing Index on Tuesday, ISM Non-Manufacturing Index on Thursday and Non farm payrolls on Friday. That is important numbers. We also have major banks like BoA talking positive about NVDA. A major correction in the stockmarket will pave way for the Fed to cut rates. But lower rates is no guarantee for a new upleg in stocks. It might be very short-lived and the market will start asking for more help. You see the setup? We don´t know anything yet. We have to look at charts and follow trends.
The trends are hard to find right now when many Sectors are at ATH. It could not have been a tougher time for me to start this trading blog. Stocks barely make it to a new Weekly before trend changes.
That is why we have the 1-2-3 Method! And that is why we also invest longterm in Resources and Gold.
In this Weekly update you can read about alternative Sectors in the North American stockmarket!
Nasdaq is down 2.55% today and the Technology Sector is down 6.05% for the week. Is this a low for that sector and it will recover from here? Or is confidence fading. The late part of September tends to be the weakest in the stockmarket. This weekend update will analyze the sectors and markets. I will also show some examples of good and bad investments in the precious metals.