Sunday, March 28, 2021

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. 


Saturday, February 27, 2021

COVID news of late has been more positive with hospitalization rates going down and the vaccine being administered. I have hopes of a recovery in late 2021  and into 2022.  The Atlantic has a great story about the importance of fresh air in treating airborne illnesses and how in the early part of COVID we forgot or discounted some of the measures learned during the 1918 pandemic.  See "We're Just Rediscovering a 19th Century Pandemic Strategy".

If you've ever worked in a modern office building you will appreciate the story. They are often stuffy with little air circulation and the windows don't open. I hate them. Add to that nobody can agree on the proper temperature. Often the ventilation systems are inadequate or under powered to save money.

The Market is still doing well from a stage analysis at this time. Gold appears to be entering in to stage 4.  My bets are on energy, travel stocks, and other areas that will benefit from some sort of 'back to normalcy'.



 

Sunday, February 21, 2021

Bitcoin has been making news over the last couple of weeks. A large surge was seen after Elon Musk announced Tesla plans to accept bitcoin. Tesla bought $1.5 billion bitcoin.
 
Then there was the introduction of a new Bitcoin ETF, Purpose BTCC.



 This week also brought an unusual winter storm URI to Texas. Texas is now examining the problems that brought power issues, such as rolling blackouts and lack of water. 
 
It's time to look at energy by viewing the XLE chart. I think it is in Stage 1. The moving average line is starting to slope upward. I expect that when we recover from COVID, energy prices will rebound from the big plunge they took last year.
 

 
 For more reading on energy, I recommend these articles on Stockcharts: