When investing in Crypto you can also find interesting stocks with a relation to Cryptocurrencies. This week we present one Crypto Stock with a nice uptrend that is ready to break out and surge!
Look in to Premium with a subscription! You will find charts and perhaps input that can make your investing-decisions profitable.
Inside the Energy Sector
India, Turkey, Bangladesh and Pakistan are countries that break ships apart. They are buying ships and dismantle them for a much higher price than if it had been done in a dock in Europe for example. Then the shipping companies would have been payed maybe 1/5 of the price that they pay for it. After that the ships are dismantled with lots of pollutions in the water, beaches, air and ground. Also lots of workplace deaths and disease on people working there and also in villages around the docks with the stranded ships. The shipping business is important for transporting products around the world, but the business could be run in a more environmental friendly manner. The largest dock for ship breaking is in India, The Alang Ship Breaking Yard. It is quite sad and terrible to see a photo of that area and hear the stories in media. This will have me to abandon the Shipping stocks. I am sorry, I can´t invest in those companies anymore since they are not taking care of people and this planet in a good way. It must be a better way to dismantle ships than this. So I take the shipping stocks out of the Premium Portfolio.
The Week that was
This week in the North American Stockmarket was bullish. Duh. But it was not certain if the election would have a negative impact last week. So it was a surprise that Trump won a so clear victory. The market was relieved and especially the Financial Services Sector and Technology Sector surged.
Small Caps was breaking out to new highs. Russel 2000 ended the sideways to slightly up pattern into a surge higher. This is probably a signal of higher momentum for the Small Caps going forward. This time of year is usually very positive for stocks and now we have a friendly Fed, increasing earnings and bullish technical patterns and expected pro business leadership. The S&P500 reaches 6000 and the top performers in the index is AXON, FTNT, PODD and TSLA. This was a very interesting week and profitable for all investors.
The Sectors:
Industrial Sector, Financial Services, Technology, Communication Services and Consumer Cyclical was the strongest Sectors this week. They are all positive in the timeframes.
Basic Materials Sector and Healthcare Sector improved this week but are not yet positive in the Daily timeframe.
Consumer Defensive Sector, Real Estate Sector, Energy Sector and Utilities Sector are in consolidation or correction and we are waiting to see them improve before we invest.
The Small Caps measured in the Russell 2000 Indexfund IWM has been on my radar. I was wondering when it would break down OR up. It just went sideways since August. Although it made higher lows. Only yesterday it seemed like it was going to break down in the Daily timeframe. But the election of Trump changed that. The Small Caps had a roaring day in the Stockmarket as well as the TNA Small Caps Bull x 3! The Sectors moved sharply higher, especially Financial Services Sector, Industrials, Energy and Technology Sectors.
Russell 2000
Daily
