By the first week of the semester the stock market closes with a bang with the leading U.S. indices reaching new All Time Highs (‘ATH’). The broad S&P 500 (SPX) Index based on the market capitalizations of 500 large US companies makes a robust close above any previous highs burning rubber when the 2019 second […]
Analysis from Ryan Detrickk, CMT via Twitter: The Global A/D line made new highs again. Additionally, the Global Dow Index is nearing a major breakout. Tough to buy the ‘we’re headed for a global recession’ crowd when these two things are happening.
On January 23rd, 2018 we published the following Nasdaq 100 monthly price chart when it stood at $6,906, commenting: NASDAQ 100 (Symbol: NDX) Monthly Price Chart When in doubt about the target plot it on a semilog price axis, which reshapes an exponential trend with a linear look. Plotting the resistance trend line above the […]
Update on Long Portfolio We update our virtual portfolio with comments on significant moves and new entries. Stock prices and portfolio performance will be updated in a later update. Weakly Breakout Candidates – Follow-up From the Weekly Breakout Candidates watch list: $AKRX and $LIXXF have still not reached the proposed breakout level. Following their major […]
Portfolio Review The following review provides a visual presentation of all opened long portfolio positions since initiation some two months ago from an investment perspective. The portfolio is comprised of 22 investment positions with an average performance of 37.6%. First position to enter in the Portfolio was on 4 August 2017. Weekly Price Charts with […]