WHERE AM I LOOKING NOW?

Share This Post on your social

Share on facebook
Share on linkedin
Share on twitter
Share on email
Share on whatsapp
Share on pocket

There are several sectors…

that I’m observing: some from a bearish view and others from a bullish perspective. Among the bearish sectors, I’m closely watching the tech sector with NVDA, which – in my opinion and according to Riesner’s latest report – is at an extreme level that calls for a reversal. DeMark also signals a reversal here, and I’m convinced that it’s neither the time nor the place to remain invested (as a contrarian, I don’t want to be here). Other sectors are catching my attention: Oil stocks are at a 10/13 in the BUY sequential, indicating they are ready to establish a definitive bottom, which will allow me to increase exposure to this sector. For gold stocks, I’m following GDX (and Anglogold as a proxy) because we have reached a level where a bullish reversal seems imminent.

XLE Energy now on day 10 of 13. I will be adding energy long exposure with the 13

NVDA’s market cap alone is about to surpass the entire market cap of the BKX ($1.09T), which includes JPM, BAC, WFC etc.

NVDA weekly has another Combo 13 with a more strict version. I believe this is a very significant signal that will develop in the coming weeks.

NVDA IN THE LAST RIESNER’S REPORT 

GOLD SECTOR

I had mentioned that the breakout of $1955 could be a trap, and today – after reaching the level of $1930 – Gold is recovering to the $1965 level, confirming my view of a trap coinciding with a rise in yields (which are also reversing downwards). The only missing piece is the USD, which – as Riesner says – is only experiencing a bounce before a new decline. That’s why I would like to take advantage of this moment to further load up on gold stocks before a new upward wave begins. In the accompanying chart of GDX, you can also see the discretionary indicator that is crossing above its exponential moving average in the oversold area, which, for me, signifies a reversal signal that will be confirmed by a double bottom with positive divergence (an ideal condition)

 

 

 

 

Become a Pro Member

Click the button below and subscribe to access to a whole world of professional contents!

More To Explore

Senza categoria

THE NEW GOLDEN AGE

In the new version of the blog you will find today’s article with this title…

Do you want to Improve Your InvestmentS?

we can do it together

Disclaimer

Nothing in this website constitutes a representation of any investment strategy and is not a recommendation, promotion or solicitation of any kind of investment products in any country of the world.

Nothing contained here is suitable or appropriate to a recipient’s individual circumstances or otherwise constitutes a personal recommendation. It is published solely for information purposes, it does not constitute an advertisement and is not to be construed as a solicitation or an offer to buy or sell any securities or related financial instruments in any jurisdiction in the world. No representation or warranty, either express or implied, is provided in relation to the accuracy, completeness or reliability of the information contained herein, nor is it intended to be a complete statement or summary of the securities, markets or developments referred to in the report. The writer does not undertake that investors will obtain profits, nor will it share with investors any investment profits nor accept any liability for any investment losses. Investments involve risks and investors should exercise prudence in making their investment decisions. The reports should not be regarded by recipients as a substitute for the exercise of their own judgment. Past performance is not necessarily a guide to future performance. The value of any investment or income may go down as well as up and you may not get back the full amount invested. Any opinions expressed in these reports are subject to change without notice.

The securities described here may not be eligible for sale in all jurisdictions or to certain categories of investors. Options, derivative products and futures are not suitable for all investors, and trading in these instruments is considered risky. Foreign currency rates of exchange may adversely affect the value, price or income of any security or related instrument mentioned in this report. For investment advice, trade execution or other enquiries, investors should contact their local sales representative. Any prices stated in this report are for information purposes only and do not represent valuations for individual securities or other instruments.