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Wattie

Member
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5,224
The S&P, Nasdaq, DOW are all heavily weighted by the big boys (Apple, Amazon, Netflix, Facebook etc.) and disproportionately so. This means that when these stocks are strong, it gives the impression that the markets are strong when they're not.

What is going to happen eventually is that these stocks will reverse, and when they do, it will be dramatic. Basically there will be nowhere to hide.
Here's the range to watch (I have no idea what to expect in the middle, only what to expect at the top!):

Please bear in mind that this is the weekly chart, so not short-term. You all know my longer-term concerns regarding the put:call ratio and the SKEW.

The S&P is forming an inside week so far, so there will be chop going forward!
A most excellent explanation of the situation Froddy.
 

stindig

Member
Messages
166
Did you see the last 2 days.........?
Yes, impressive gains, but I don't have a means of investing in Australian stock. I currenlty use IMI Web Share Dealing but they don't deal with ASX. Also, their stock prices are not real-time enough. Do you have a recommendation for an alternative trading platform for private individuals?
 

Wattie

Member
Messages
5,224
Yes, impressive gains, but I don't have a means of investing in Australian stock. I currenlty use IMI Web Share Dealing but they don't deal with ASX. Also, their stock prices are not real-time enough. Do you have a recommendation for an alternative trading platform for private individuals?
Frankly no.
Shindig, I hope u understand this is a rigged casino.
I equate de grey, to greatland gold previously mentioned but a gdp £ buy.
If you want less risky gains, bet against GBP (Brexit uncertainties) and buy $ or gold.
Physical Gold is money, try to get some
 
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Froddy

Member
Messages
369
40% in 3 days. It’s got legs I reckon.
View attachment 72097way
That looks great, Wattie!

I like the "momentum inside candle" that formed on the daily chart before the last push higher - a good sign that the buyers have taken back control after temporary indecision:


Another one to watch from my end is Beyond Meat (BYND):


Today could be a volatile day (the largest volume day of the year) as the Russell Index is to to be re-balanced following the close - take care!

https://www.investopedia.com/articles/stock-analysis/062516/russell-rebalance-study-what-you-need-know.asp#:~:text=In March of 2020, FTSE,delete lists are considered final.&text=On June 29, equity markets,newly-reconstituted Russell US Indexes.
 

Froddy

Member
Messages
369
Chaps,

If you're long the market, be extremely careful - the SKEW has shot up to 137 today, meaning that Big Money is getting edgy. It hit this level on 20/2 - the first day of the Feb crash.


We've not yet had a flush big enough to correct the unhealthy put:call ratio - it's still in danger territory ...

In other words, the market is likely to correct imminently - we just don't know when.
Ohhhhh ... boy:


Now that the "window dressing" of the last quarter is over, are we going to roll over (or will the Fed save the market again?) Who knows ...
 

Wattie

Member
Messages
5,224
Seems that people are now waking up to the fact that "FIAT" is being printed in such vast amounts that it is problematic -precious metals are now romping higher, fast.
Silver up nearly 10% in GBP today.
73180

First Majestic is worth a look if you're after a silver miner.
 

Froddy

Member
Messages
369
Seems that people are now waking up to the fact that "FIAT" is being printed in such vast amounts that it is problematic -precious metals are now romping higher, fast.
Silver up nearly 10% in GBP today.
View attachment 73180

First Majestic is worth a look if you're after a silver miner.
Wow! First Majestic looks red hot! This market is nuts - all asset classes are going up simultaneously - not at all normal.

Draw these lines for points of reference only:
 

Wattie

Member
Messages
5,224
Lots of talk Froddy that the $ is in danger of losing reserve currency status.....itscertainly been on a weak run (from highs). The reason for this is that the Ponzi Us economy is 100% reliant on Fed money from thin air. It's there for all to see.
Juiced stock markets, millions unemployed, deteriorating infection rate, civil unrest, massive social service liabilities and massive unrepayable government debt.
Idiot politicians.

The Fed stops printing, it all collapses.
They keep printing to maintain the illusion...they'll need to print so much to maintain the status quo it'll devalue the currency.

If it deteriorates it will typically send precious metals surging as they're priced in $. Lower dollar means cheaper to buy.

By the way, Silver is arguably the most undervalued investment on the planet just now. It’s still over 50% below it’s all time high......cheap way of protecting "purchasing power".