If no good news comes in before Dec15th Fed meeting, SPX will land on SMA200/Oct4th Low, and fill some gaps during October, then Jay Powell will talk like Jay Powell, "speeding up Tapering has to be made sure with labor data also....". Then there will be Santa Claus Rally!?!?! It is so difficult to forecast but for sure this chart is not the best.
Wednesday's...
G RUSSELL:RAG / RUSSELL:RAV
Russell 3000 Growth / Russell 3000 Value is showing a very amusing chart pattern. Growth continues to win as Rate wont be raised by the Fed for a while !
There is not so much history of the two but there is no reason for BTC to be so strong compared to others, especially ETH either.... Time for ETH to breakout against BTC !
I prefer company stock because of fee when consider long term position. This time is for expected commodity cycle.
But both of ADM/BG have been diversifying businesses and seems like not so much co-relation. Any better idea?
I have been tyring to find a leading indicator for GLD (ETF) / GOLD (Barrick Gold). but it is weak even considering the mining cost, dividend date etc.
