Stock Market Update - January 28, 2022

 We are in a bit of a correction. The NasDaq is now in Stage 4 decline because its 30 week moving average line is now sloping downward.

 

The other major indexes are in Stage 3 and possibly heading for Stage 4.

One of my favorite Stan Weinstein indicators is to chart the difference between NYSE stocks hitting their 52 week high vs those hitting their 52 week low. He said not to use it alone but in conjunction with the other indicators. If we take a look at it now, it shows that we are in the beginning of a correction. How far it goes is hard to say, this could be a normal correction or if tensions continue with Russia, inflation doesn't budge and if there are more restrictions due to COVID which is also driving inflation, then it could continue. Hard to say. 

 

 

Stock Market Update - January 14, 2022

 My indicators are mixed this week. Nothing too horrible, mostly minor showing of weakness in some indicators. The NASDAQ is below its 30 week moving average just a little bit, the NYSE had more lows than highs, and the NYSE/DJIA were both down.

One of my favorite charts, the Dow vs GLD, shows the Dow outperforming gold. I view this as a good sign.

Have you tried to buy a car lately? Used or new they are hard to come by. Dealer lots are empty. So empty in fact that they have used vehicles in the show room and dissuade you from buying used (where they usually make a nice profit) for fear they won't have any example of the model to show potential buyers. Wow.

What's the problem? A chip shortage. The US is looking to boost more manufacturing here.

How about groceries? Tried to buy any of those lately? Around here the veggies shelves are empty. My plan? Go to the local farmer's market. A good idea anyway. Lots of fresh veggies and not pesticides to boot!

Stock Market Update - June 4, 2021

Market continue to be in an uptrend. All indicators remain up. Jobless claims are going down and with the COVID vaccine being distributed the economy looks to be poised for a recovery. I am interested in energy and travel stocks.

XLE Spider is showing signs of recovery and has a ways to go to get to the last high. Even with the move to electronic vehicles we will still need energy for years to come.

An interesting set of news articles surfaced this week related to the COVID outbreak's potential source being the Wuhon Lab. Vanity Fair has a nice article here. 

Bitcoin has been a bit of a ride these last couple of weeks as Elon Musk is in then out. 

 

 

Stock Market Update - March 26, 2021

March is turning out to be a good month for investments and at this time all indicators are up.

Bitcoin continues to reach all time highs. Fidelity is considering launching a bitcoin ETF.

Gold is officially in stage 4.

COVID vaccinations are underway and the one does J&J shot is finally being delivered and administered.