BKX- Banks are strugglingBanks are raising the reserve lvl in anticipation of the rising loan default. Facing weaker loan demand, banks tightened standards across all categories of residential real estate (RRE) loans and across all three consumer loan categories. In addition, banks also tightened their standards and terms on commercial and industrial (C&I) loans to firms of all sizes.
XLK
XLK (+11.82%) & XLU (-1.45%) [Hold) for Sept 1, 2020Holding both XLK and XLU from my original entries given on my channel--linked below.
AAPL $150 PRICE TARGET BY OCTOBERIf trendline holds then AAPL is conservatively on track to 150 in a month
Buffet indicator- The world of growth stocksYes, the stock market is overheated judging by all valuation metrics.
For those of us who don't want to jump the gun and want to stay in the trend until it is broken, sector ETFs offer better return than major indexes such as S&P 500 and NASDAQ, but are not as volatile as individual stocks.
According to Goldman Sach, IT and consumer discretionary have risk adjusted return (Sharpe ratio) of 0.9.
Stay safe out there.
American Asset Class Laggers by Industry/Sector for Aug. 2020A comparison of the SPX , NDX, NYA , BKX , & IWM indexes for August wk2 2020.
17:29:46 (UTC)
Sat Aug 8, 2020
Tech vs. (Financials & Energy)Is it Growth versus Value or Tech versus Financials and Energy
EW Tech vs. (EW Financials + EW Energy)
Divergences from Growth vs. Value have been notable in the past
𝗧𝗲𝗰𝗵 𝗨𝗽𝗱𝗮𝘁𝗲: $QQQ Daily. Critical Week AheadCritical week ahead with key earnings and July FOMC. 🐻s needs to stall into FOMC (7/29) for possible drop. Double top, Elliot Wave, divergence and waning momentum all in play. March’s fractal fits well on the chart 🤔
$NDX $NQ_F $XLK $SOX $FB $AMZN $AAPL $MSFT $NFLX $GOOG $TSLA $SPY $SPX $ES_F #ElliottWave #Stocks 📉
XLK EXTREME TOP. IS THE BUBBLE ABOUT TO BURST?This chart shows the ratio between XLK (Technology) and XLF (Financials).
When the chart is going up the the indicator is saying go long technology.
Sideways then equal weighting.
Chart going down then overweight XLF, lighten up on XLK.
It also shows that the current situation is that XLK is at a top. In fact it is significantly above the DOT COM bubble of 2000.
Will XLK reverse from here and XLF start to pick up?
$XLK First Red Day Short IdeaXLK looks really good for new 52 highs but with Dividends being paid out today, looking for a slight pull back to $101s. In a better market environment I would not be Bearish, but I will turn Bullish if breakout above $104.
Tech is a bit overvalued in my opinion, but looks like folks seem okay paying overvalued.
Cycles Eh?Technology vs. Consumer Discretionary
Are we about to see a significant change in the performance of this ratio? CD outperforming wouldn't necessarily spell trouble for the broad market, but is it seriously time to consider being underweight tech?
GoNoGo senses moment of truth for technologyWhat’s next for the technology sector?
Technology has been the leader this year, outperforming the S&P 500 throughout the volatile market reactions to Covid-19.
This week saw the sector fail at prior highs and yesterday’s price bar showed a weakening in the GoNoGo Trend.
Look to the GoNoGo Oscillator at this critical juncture. When in a strong trend, remember, the Oscillator should find support/resistance at the zero line. You can see this throughout the time period.
This is a non subjective level because it means that all momentum is neutral. In a strong uptrend for example, enthusiasm should pick up, and the GoNoGo Oscillator should rally off the zero line helping price make a new leg up.
If the GoNoGo Oscillator cannot stay positive and breaks below zero, then we expect price to struggle and the “Go” trend to really be threatened.
Dell has an awful balance sheetDell has been on the down for a year, now they are really going down. And they are still doing stock buy-backs. The stock is way too high. Dell will be the main stock dragging down the XLK ETF for the next two weeks, and the next two months. They could get in serious debt trouble here.
Dell is my number one short position with out-of-the-money put options into June.
Vanguard (Real Estate) - Risk-Range for Wed Apr 8, 2020Vanguard (Real Estate) - Risk-Range for Wed Apr 8, 2020
13:51:47 (UTC)
Wed Apr 8, 2020
The Nasadaq Looking very Promising for shortMonthly Chart :
The price broke down the MUT (Major Upper Trendline) what lasted for 10 YEARS :
Moreover, The Price found Resistance on that MUT, and on the old Resistance Area between 186-192.
Note the Weekly Chat :
When you move into Daily Resolution , we can see clearly how the Buyers Failed to hold the Price above the MUT , and therefore, showing weakness :
Shorts can be launched at the current trading zone. But we have to calculate the risk in relation to the coming week open
The Main Profit Taking Target is - 143
amazon 3 bearish head and shoulders patternAmazon showing a bearish head and shoudlers pattern on the 1hr, and confirm 3 bearish head and shoulders by Indicator. Another leg of selloff could resume in the market if this is not recapture on large volume. To make matters worse we're no where near a major holiday to entice shoppers. Folks hoarding cash, workers layoffs, unemployment numbers.
