XAU
Weekly
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.
The Consumer Cyclical Sector is close to a break down. Consumer Defensive has got some strong food distribution stocks doing parabolic rises. However these stocks are small and driven by speculation.This does not bode well for the stockmarket. TSLA rose on speculation of a battery pack that will "probably" save the planet. Musk tries to come up with new ideas of solving the problem with energy supply in areas with power shortage problems. The amount of metals in just one battery costs so much more energy to extract than it can possibly store and save this planet. Especially when you consider the lifetime of a battery pack. This is just a way of promoting the TSLA shares and a way of boosting the stockprice over the previously announced diamond pattern at 264. The share price can go up after this.
The Bullmarket in Gold and Silver is getting stronger. We are near a breakout in the ratios as can be viewed in TheDailyGold today. It is the Inflation-adjusted Gold price and Gold Stocks vs. The Stockmarket S&P 500.Even though this is the Ninth day up for Goldstocks the trend will continue even after we have had a couple of days down. Right now this autumn seems to be really strong for Gold Stocks! The gains in Tech should be realized and transferred to the Precious Metals Stocks.
If you need suggestions of well researched Gold Stocks you should consider The Sven Connection Premium !
Last week I asked when Silver would do a breakout, it happened already this week. The Retail Sales numbers came in positive and fueled the stockmarket that is now in a Melt-up phase. Stocks have soared and this week we can book extraordinary gains in our Premium Portfolio!
Consumer spending is crucial to the broad North American Stockmarket since it accounts for 70% of GDP. It seems that the markets are quite satisfied with the way the economy behaves and also with the Feds rate cut cycle plans. Right now the expectations favours a .25 rate cut, next meeting.
In two weeks we have the Mega caps earnings and a week later the election. There is certainly possible with a continuation of the Melt-up. If we have positive reports from the Mega caps.
The miners will look at NEM next week. Q3 report is coming in. That will show if the mining business is profitable or not. There are a lot of costs involved in mining so the business definitively needs a high gold price. When Gold is now over 2700 and inflation is fading it should be some money to collect for the investors too.
We are still waiting to see the Small caps break out to new ATH. It seems they are coming to join the party. And when the do it can also draw some attention to the Junior miners. Gold Bullmarket is ongoing and we expect higher prices in both the Precious Metals and the Miners.
NEM Newmont Corp.
Daily
Newmont is making new highs and lows and is positive in all timeframes. This week it broke resistance.
The Sectors:
Consumer Cyclical Sector, Healthcare Sector and Real Estate Sector regained their Daily trend after a short dip. Now again following the markets up.
Consumer Defensive Sector and Energy Sector still down and not confirmed positive right now.
Financial Services Sector, Industrials Sector, Communication Services Sector and Basic Materials are in strong positive trend.
Technology Sector is also positive in all time frames but are not the prefered Sector if you look for really nice gains in this Melt-up phase.
Utilites Sector touched the Daily trendline last week but this week it continued in strong trend up.
In the Utilities Sector we found our Premium 1-2-3-Trade that gave us 190% gain in a couple of months trade. It is still going with 50 % less shares. Profit has been booked for the other half.
There is time for Precious Metals to shine and we will examine the companies in the Premium Section.
Yours Sincerely,
Trader Sven
We have a breakout attempt in Silver today. The SIL is breaking out and XAU is working on resistance around 168. Silverstocks are up. If nothing disturbing happens we should see Silverprice around 35-36$ soon.
SIL
Daily
Click picture to enlarge
I will present a new 1-2-3 Trade this Weekend!
The last two trades are still running, with nice profit! WAVE by far the best with + 145%.
This Weekend you do not want to miss out on a new 1-2-3 Trade in the Energy Sector.
Daily
As a Premium Member you recieve:
Service
- A detailed Weekly Sector-Report and additional Sub-Sector analysis.
- Trade and investment updates when new trends develop.
- Updated portfolio
- ETF-selection for that Sector or Sub-Sector.
- Questions area with swift answers. -You can ask about trends in specific ETF:s and Stocks also.
Method
- Technical analysis with premiere indicators of highest standard, found nowhere else.
- Sector and Sub-Sector analysis
- Top-Down, hands on approach with specific trades.
- Important risk-management.
- Long Term Profit
Have a good day!
/Trader Sven
New signs of crises in China economy. Consumer inflation (CPI) cools off and Producer deflation (PPI) deepens. This is the fifth consecutive quarterly report showing a contraction. Core inflation is now 0,1% minus food and energy. The centralbank is positive on more fiscal stimulus to boost the economy. China has now a weak domestic demand. They need to take measures to support the Real estate market and authorities and students with high levels of debt. Airfares and hotelaccomodation is getting a bit cheaper.
We will follow next week closely in TSC Premium to find the next trade and the China effect to the North American stockmarkets!
This week we look in to the Financial Services Sector for really good trades! The Weekly 41 is published and if you log in to the Premium Site you will find a new special coverage of the PM-Stocks trends!
Since my portfolio is a bit conservative or defensive right now it is always nice to spice it up with a couple of trades. SMCI is showing some signs of life today. It has been a shorting stock since March and today they reported about shipment of GPU:s and liquid cooling products. I will watch the stock this week to see if a new trend is about to start. We have completed a couple of trades today. The trades were very good and the profit was between 10 and 20% each. KMI was one of them. A rising oil-price was positive for the share price. The Energy Sector has momentum and is near a confirmed uptrend. Below you see a chart of KMI:
KMI Daily chart
The Weekly Update 40 is ready for you. The Sector trends are changing and shifting. The Premium Portfolio improves and expands.
Nat gas index is breaking out levels not seen since 2016 and 2022. Crude Oil prices jump 5% today. The Energy Sector which has been underperforming is now improving. There are many stocks here that starts new trends now. Everybody was watching the techstocks and a possible rotation towards Small Caps and smaller techs. Now it seems that the biggest are still prefered, when the S&P 500 is at new ATH, and the rotation might be going in another direction. Energy.
