Dow DJI - NASDAQ divergence since June 7, sectoral study PART 2Dow (DJIA) - NASDAQ (IXIC) divergence since June 7, sectoral study PART 1.
Consumer Staples tracking the DJI downwards.
Utilities
XLU (Utilities)I love an underdog!
This has been underperforming this year but seems consistent and ready for a tune up!
Is it time for a utilities play?Defensives have been outperforming the S&P 500 since March. If you believe the outperformance will continue, then now might be the time to buy, as they are approaching the support line.
I'm particularly watching utilities. In addition to being a classic defensive sector, utilities also have "growth" potential. They had a period of strong outperformance a couple years ago during the renewables boom. Presently they look cheap compared to other sectors. The equal-weight utilities to equal-weight S&P 500 ratio has made a large bullish divergence and is currently testing a support level. Might it make a double bottom here?
I particularly like NRG Energy, a Texas utility with a diversified basket of power generation capabilities, including fossil fuels and renewables. NRG is looking like it will make a breakout attempt soon:
It has a forward P/E of 6, a forward P/S under .5, and a P/FCF under 11. Dividend yield is over 4%. Open interest is bullish, and upside to the average analyst price target is 36%. This bad boy could seriously rip if utilities return to strength.
Utilities move somewhat in sympathy with oil prices, and oil prices are breaking out. That could prove to be a catalyst for this sector.
ANKR Moon Potential The potential of the coin is amazing. We have a weekly stoch RSI cross forming. Weekly stoch RSI is a very powerful signal.
ANKR current statistics
- Ranked #97
- Already on Coinbase & Binance
- Ankr marketcap is 750 Million
- 6,996,232,711 out of 10,000,000,000 circulating supply
Lets compare marketcaps...
Vechain is worth $8 Billion
Matic is worth $12 Billion
Ankr is worth $750 Million
Also very similar charts ^
A $1.37 Ankr price would = 9 Billion evaluation
A million is $1,000,000
A billion is $1,000,000,000
A Trillion is $1,000,000,000,000
Unique Use Case
- Ankr goal is to provide value in the cloud computing industry. Very ambitous. Cloud computing is a growing industry. Google & Amazo.
Ankr Team
- Comittee of 16 advisors. All have credible backgrounds. I even met one person from the team. Very credible people.
This is not a get rich quick coin. This is for a true investor that seeks value in return. This is alternative to coins such as ADA, VET, & XRP that already proven their value in use & price. I believe Ankr has true potential to succeed and be a top #25 coin.
With such a microcap. This coin weilds very violatile adjustments. This can happen very quick. Especially now since it is listed on Coinbase. Moon city is the goal. Diamond hands.
XLU Flagging Out or Channeling DownAMEX:XLU
We are closing above the volume weighted moving average. More upside to come.
GE Bullish 2 Wedges Inside a WedgeGE General Electric looks bullish with this continuation pattern. We can see a 2 falling wedges within a falling wedge. Check out my Youtube Page for more details on the markets I covered GE recently in a video. The fundamentals look pretty solid as well this one should do well short and long term.
Concept VTC flippeningBITTREX:VTCBTC
This is merely a thought experiment and should not be taken as investment advice.
$Stri targets with the cypher harmonic patternCypher harmonic pattern targets:
AB=0.61 XA
BC=1.41 AB
tp1=0.78 XA=$0.74
tp2=1.27 BC=$0.87
tp3=2 BC=$5.1
other possible targets:
tp1=0.88 BC=$0.34
tp2=1.6 BC=$2
#MINT finishing an accumulation period @Mint_eco_PPAfter a long incomplete takeover process MINT is bouncing on its long average to potentially go to new valuations that it deserves, being largely underrated
#EUROPLASMA #ALEUP could try to touch it's average around 2.5Graphically following the previous bull traps, this one could have the same behavior.
In fundamental analysis, it could reverse its trend and go far beyond with the new major contract signed .
ARRY bull thesis Connected to small street bets
/r/smallstreetbets/comments/lqx7u0/array_technologies_inc_nasd_arry_a_solar_pureplay
PUI Gap Up Interesting movement in the next few months to catch the gap up and fall back into trend.
Hole in ONE An easy 5x potential, with 30% short term profits. Harmony deserves a top 30 with at least 1b Market Cap that means 10x. We have to see . AT FIRST we have to break our first resistance and then we keep going to land to the moon !!!
The takeover bid at 10€ was underestimating its real valueMint is a growth smallcap coming from lowcost mobile plans to green energy utility.
Its client acquisition is booming.
A takeover bid procedure took place at 10€. From partial results, about 30 to 40% of small investors are not participating, making Mercure Énergie the controlling shareholder but leaving a good floating to be re-evaluated on stock exchange or maybe a more generous next offer.
Milestone: February 16 AMF will be releasing the final results of the takeover bid.
Expect a good pump at this moment.
$XLU back inside the uptrendUtilities back on track in the upside trend. MACD crossover, histogram peaking above 0, RSI confirmation, falling wedge breached, higher dividend than the previous one, gap covered. Volume just needs to rise.
JE Broke Out! What’s Next?That was a great early morning pump, especially if you came in when I made my first post at sub-$7 a few days ago. My apologies for getting ahead of myself with the uber-high levels in first post (I guess for the future lol), still new to this but let's learn and profit along the way.
We've tested and broke past $9.75 resistance earlier this morning. Stock is expected to rest at either high or low of the resulting morning gap-up before continuing our upward momentum. From session high, we have come down and are testing the 9 SMA on hourly(purple line on chart). JE likes to test and break out from this SMA.
Current Key Levels
Resistance #1 $9.75
Resistance #2 $10.30
Resistance #3 $11.39
Resistance #4 $12.50
Support #1 $8.00
Support #2 $7.54
NOTE: These prices are on TSX listed JE.
This is NOT a recommendation or solicitation to invest. I may or may not have an interest in this stock. Invest at your own risk. Do your own research. Manage your risk, cut your losers and push your winners.
ridethepig | Banks vs Utilities It ought to be known by everyone that it is necessary in certain recessions for dead cat bounces and over a typical 5 quarter economic cycle down, it is not uncommon for 1 or 2 of those quarters to be bullish. I suspect that the strength around all the discounted earnings from August is mostly baked in now.
The concern, in the MT and LT, is the 2's 5's screaming recession is not over. Such a devastating blow that will have appeared too simple for many participants as Central Banks did not allow the manoeuvre to unfold yet. Here sellers should try to seize the lows; no matter how risk free the current environment may seem; confidence is damaged and civil unrest is in the game. I do hope my judgement of this is not over will be proven wrong, and that it really is different this time.
As usual thanks for keeping the feedback coming 👍 or 👎
