Another big day in the market as DOW sets sights on 20,000
Pullback in XME could be bought here
Wow! and that quickly nearly half the market is below itâs 10 dma. S&P and Dow are also forming a pinbar reversal on the weekly chart, lets hope that corrects itâs self in the next two days or Dow 20,000 may be on hold for a little while longer
13-21-18
It has been a long while since last time we saw all 22 ETFâs above their 50 dma. Dow 20K is still in reach
15-22-18
Here is my weekly look at the markets, Fed raised interest rates this makes a strong US dollar even stronger, Market is holding itâs breath as US election is under challenge
we clearly had some pull backs this past week, now can we get the Santa rally going again. I am fearful attempts to overturn our election is starting to way on this market,
8-22-18
Very little movement today as market holds it breath as democrats make last attempt to steal the election. If you can believe the media it is looking like that effort has failed, if this turns out to be true look for a rally tomorrow
8-21-18
As expected with Donald Trumpâs election confirmed market continued its post Trump rally, we are posed to see DOW 20,000 tomorrow
With DOW at new all time high we still have a large number of EFTâs trading below their 10 dma
13-22-18
much of the market is still consolidating below itâs 10 dma, DOW still canât get over 20,000
7-20-18
I am taking a few days away from the charts
Everyone have a Merry Christmas
Here is my weekly market review
8-21-18
Market was up just a little today but that was enough to get most of my ETFâs back above their 10 dma
DOW Watch 20,000 We finished the day at 19,945, I am betting we see DOW 20,000 this week, but can we get a daily close above it.
14-21-18
Well after todayâs action Dow 20,000 may be off the table for this week, bigger pullbacks and a number of bearish engulfing candles, Look how all but one gave up their 10 dma today
Note; this will be my last post of the week as I do my year end review of my trading accounts
2016 Year End numbers
Good start to new year, DOW up over 100, 2016 leading ETF takes the early lead for 2017 up 2.3%
Note Pos-% and Entry price reset for new year, refer back to last entry of 2016 for longer term movement
5-20-17
Update to my S&P portfolio, Below chart shows where you would had bought if you had bought the S&P 500 at the begining of each year going back to year 2000
Using the closing price of the last trading day of December as my basis, I purchased $10,000 of SPY for my 2017 entry, chart below shows purchases going back to year 2000, Portfolio is up $124301 this does not include dividends
This chart shows that a buy and hold approach to investing does work with index investing,
We are already seeing some big moves in this very young year
18-22-18
Has Gold broke itâs downtrend , Here I am looking at GDX Gold Miners index my preferred way to play gold. Price has cleared the 50 dma and is already up +10% in just 3 days of new year. Is this a signal that it is time to buy or are we being sucked in just to see price head south,
Mix day in the Market,
17-21-18
DOW 20,000 watch
We got up to 19999.63 , we have 2 hours of to go, can we make history
Is BIO Tech poised to be comeback kid of the year. 2016 was a bad year for Bio Tech, down 15% and my worst performing EFT. But Bio Tech had a great run between 2010 and 2015 up 500%. Week one of 2017 is nearly complete and Bio Tech is up +7% and leading all other sectors.
Today Bio Tech is much like the Auto industry of the early 1900âs , lotâs a little companies that will have to merge to survive, picking the Ford or GM out of the pack might be a little tricky but playing the group through ETFâs is a sound investment approach
Here is my weekly market review, I like oil, USD, Gold is a question mark. US Stocks show no sign of ending their up move
First week of trading is in and last years weakest sector takes early lead
Mixed day in the market but Bio Tech remains hot
10-21-17
