Weekend April 14 2019
The low risk entry was Dec 26 2018, The market is closing in on the seasonal highs that typically occur after tax day April 15.
This clearly shows the low risk entry was Dec 26 2018. Everyone is on board now afraid of missing out on anny more gains.
I should have been more bullish when we had 600 new lows.
New Highs Versus New Lows
Higher new highs than last October.
Chevron's purchase of Anadarko puts lots of shale drillers in play. Best bet is a bet on all of them.
FRAK
This still has room to rise and stocks and oil are rising together. I also like Apache here.
Stock Market
An application of socionomics is that maximum mood occurs at the END of a move. That is demonstrated with the parabolic advance shown by the two blue arrows. Markets are either at or approaching parabolic again, the big down move followed by an equally impressive up move. the steep rise now is probably no more sustainable than January 2018 or Sept 2018. But with maximum mood we can certainly head for a few more weeks into May.
Gold
The blue arrows indicate the 13.5 month lows in gold. This is a regular cycle. And given the low last August this looks like a Wave 2 down concluding. This suggests higher prices ahead.
JNUG
JNUG has pulled back to mid range.This ought to be a good spot to pick up some shares.
I like the gold sector which at least hit a new low, the overall stock market is not at a low risk entry now.
Social mood remains negative. The Demplans for Mueller to de-rail Trump are not working well. By election day surely voters will have tired of the no cooperation on anything mood in Washington.
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