We finally did it. The first week with Trump in office and we finally broke through Dow 20,000. It was a choppy ride over the last few weeks, but the bull managed to pull it out.
The S&P 500 finished higher once again on the week, and managed to close above this range we have been trading in dating back to December, a pretty clean break. The Slow Stochastics are still overbought, but the bulls are still firmly in control:
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Semis, Drugs, Banks, & Basic materials continue to see some of the biggest gains week over week, judging by our Exodus weekly hybrid change:
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As for individual stocks, the following tickers saw the greatest jump in hybrid score this week and worth reviewing over the weekend:
I’ll be back later this weekend with some more charts setups, have a good weekend all.
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Stock of the year update: https://docs.google.com/spreadsheets/d/1gzhQmLqTxUZOJ0sUfA_hgb9VwwnZ4C8CXFCB_Wlcw9k/pubhtml?gid=1810265373&single=true
That $EMES is looking good as we begin the year.
Natural Gas, condensates etc. This will possibly not drive the price down in the future but up. The railroad already had the infrastructure in place and those who built up for it will get whacked. Big Questions. Who builds the pipeline – winner. What does this do to the completely annihilated price of nat gas and oil.
Thanks for the recap RC. Will be curious to see if this momentum can carry over into next week. Cheers!