Weekly 46

 We have a look at the miners this week in the Premium Section! How does the technical picture look right now and which particular mining company is interesting for me to invest in? Do I see any fundamental reason and when is the timing right?

This week in the markets was bullish in the first half and bearish in the second half. The Stockmarket responded favorably to the election and rose slightly to ATH with over 6000 in the S&P. The valuation is now stretched to at least 22 x earnings. It is still a question how long this will hold up. The bond yields are up to one year highs. We have the small caps in consolidation after last weeks breakout. Small Caps have higher risk than the big techs but now it seems even the techs are volatile. The respond well to earnings but then looses ground a couple of days later. Investors are chasing gains in them and small caps. If one stock rises, the crowds will immediatly buy that one, for two or three days. That is to me a market that are chasing gains knowing the market is overvalued, maybe with leverage. This is a trending market for sure but it is vulnerable to any unknown event. We will see more volatility and more opportunities for trading. The reasons for chasing the market is maybe debt also. If you need to get away from debt you need gains, and we know that the economic system is in debt. The North American Stockmarket is the most liquid market in the world and money is flowing around. However we can now see, because we are following the Sectors, that a rotation is ongoing from Information Technology to more cyclical Sectors of the markets. The coming weeks we are interested in the current strenght in trend in the Energy Sector and Industrials Sector. Also the Financial Services Sector has been acting positively. The Credit Services and Capital Markets Subsector. Especially the Fintechs rose this week due to the expected Trump effect. This will probably continue next week too. But if we look at Crypto longer term it could be a disapointment because it will not be an accepted asset in the way people think. Besides it was not the idea from the beginning.

The Sectors:

Energy Sector is improving and now we are only waiting for the weekly to become positive. Financial Services, Industrials, Consumer Cyclical, Technology and Communication Services Sector are all green.

This week we could find great gains among some stocks in the Healthcare Sector that is negative in the Daily timeframe.

Consumer Defensive, Real Estate and Consumer Defensive Sector are negative in Daily but positive in Weekly and Monthly trend.

Basic Materials Sector is negative in Daily but has some really good trading-material in it.

BTCS Inc.

Weekly chart

This chart is from the Financial Services Sector and one example of a Fintech stock that rose last week. The trade was only three days. It requires timing and lot of practice to trade this. If you bring up a chart of your own in Daily timeframe you can see that it started on 11/11 but I found it on the 11/12 and traded for two days. The third day was also up and then on Thursday it gave back 15%. 

We hope next week will bring peace to the world, deep frozen ice on the poles, new spieces in nature and new trading opportunities! 

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