Month: July 2020
Falling Dollar and Rising Commodity
July 27, 2020, 11:46 am EDT Falling Dollar and Rising Commodity While the US dollar keeps plunging to new local low, commodity prices are rising steadfastly across various materials. Precious Metal: ...
2020 Actual Trade: BNTX +73% Profits
Biotech or pharmaceutical companies are definitely #1 stock groups to look for potential winners during COVID-19 pandemic. As we did Moderna (MRNA) with +74%, we got another +70% profit on BioNTech (B...
Technology 4-Month Uptrend Breakdown
July 24, 2020, 9:54 am EDT Technology 4-Month Uptrend Breakdown Following AAPL, AMZN, MSFT breakdown, Intel (INTC) -17%, TSLA -10% gave up their uptrend potential and joined mega technology to go down...
Technology Drops Further
July 23, 2020, 1:32 pm EDT Technology Drops Further Technology keeps falling down further as pointed out last week’s article regarding sector rotation. Both AAPL and AMZN are down -4% that may b...
Home Builders Surge
July 22, 2020, 12:08 pm EDT (Featured picture is from Pulte Homes) Home Builders Surge Home builder industry jumped again as existing home sales surged 20.7% in June over May to a seasonally adjusted ...
US Dollar Dives Again
July 21, 2020, 2:55 pm EDT US Dollar Dives Again Whenever there is news of another round of stimulus, relief package or program, it means more dollars are to be printed and flow to capital markets. In...
Golden Nugget Breakout
July 21, 2020, 1:39 pm EDT Golden Nugget Breakout Gold price (GLD) and gold miners (GDX) are both rally into about 10-year highs with strong upside momentum since the stock market bottomed on March 17...
Consequences of Falling US Dollar
July 21, 2020, 9:59 am EDT Consequences of Falling US Dollar Another round of money printing or called Coronavirus relief plan, is on the table to be discussed and approved by the end of July by the U...
Weekly Review: Tight Consolidation with Sector Rotation
July 18, 2020, 7:27 pm EDT Weekly Review: Tight Consolidation with Sector Rotation Stock markets kept a narrow range for the third day (07/15-17) after a strong day (07/13). Thus, it was a strong week...