This week´s update is a 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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