Weekend Nov 17, 219
See the article in Friday WSJ that interest rates are no longer inverted. Here the purple ten year rate is above the black one year rate. This suggests we may have seen the final low in rates.And that higher commodity prices lie ahead, ie energy.
A new high in XLF for banks re enforces this idea, banks make more money with higher interest rates.
Bullish percent in energy is above 50%, a positive sign, MAs are rising, also positive.
The MAs need to onverge
and price needs to vault above all the MAs.
SLB is the strongest of the energy service stocks. Looks like some accumulation via PMO but we need higher highs and lows.
GSCI
The saucer shaped bottom is a positive and it took several months to form, ie thee market had plenty of time to go lower.
Silver
Looks like silver is finding support at its 125 day MA, note MACD has corrected. Gold looks the same.
Let's watch carefully.
Okay here are the ones to really watch for a bottom and then advance.
Tanger Outlet Centers SKT
A 12.9 P/E and a 8.78% dividend, more shoppers than parking places on the weekend.
Alerian Master Limited Partnerships ETF
After several failures to rise above its MAs, AMLP could hit a new low here. This is a collection of Master Limited Partnership and it is losing money but paying a whopping 21.85% dividend, Again, watch closely.
Permian Basin Royalty PBT
The worry here are years of lower highs, ie still in a downtrend.
Paying a gigantic 21% dividend and trading at 76% of book value. Watch closely.
See recent posts which include a table of Trusts and dividends. I do not own a one of them and want to see some reversals first.
Stocks are on a Dow Theory buy signal with Industrials and Transports both confirming each other.
Social mood is coming undone world wide, see Hong Kong, Venezuela (subject of the new Jack Ryan season 2 on Amazon), Argentina and oh well just pick a place. Apparently we will get to the Nov elections before this mmatters.
Stay alert.
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