Baltic dry index - 1970

 Baltic Dry Index as of October 8

The Baltic Dry Index fell by 3.62%

On 8 October 2020, the Baltic Dry Index fell to 1,970 points, down 74 points (-3.62%) versus the level of October 7.

BDI is a number issued daily by the London-based Baltic Exchange. Not restricted to Baltic Sea countries, the index provides "an assessment of the price of moving the major raw materials by sea. Taking in 23 shipping routes measured on a timecharter basis, the index covers Handysize, Supramax, Panamax, and Capesize dry bulk carriers carrying a range of commodities including coal, iron ore and grain. Because dry bulk primarily consists of materials that function as raw material inputs to the production of intermediate or finished goods, the index is also seen as an efficient economic indicator of future economic growth and production.

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Related stock: Sembcorp Marine, Cosco & Pan ocean.

US rig count - 856

 Related stock: Keppel Corp, Sembcorp Marine & Cosco.

Who will win the US presidential election?

I think that Joe Biden will win this upcoming US presidential election because many people have lost faith in Trump and they have stopped indulging in his lies.

The white house is a hotbed now because it has infected 34 staffs insofar and this number is set to increase further.

Trump is a person who is using political means to handle this pandemic instead of scientific methods.  His US-China trade war is also hurting ordinary Americans and his pandemic handling has killed more than 200,000 Americans.

How many more Americans must die before the whole nation will wake up to vote him out?  Let's see!

S&P 500 Technical analysis. - Part 6

https://rb.gy/crq5ah

Just as we had expected, the S&P continued on its bullish trend.  However, the S&P is almost breaching the upper limit of the bollinger band.  As we can see from historical data, the index can only stay outside the Bollinger band within a short span of time before reverting to its mean.

I've also drawn the new resistance and support lines.  Currently, the S&P is staying above all SMAs.  Once the S&P crashes below the 5-day SMA, it means that the tide has turned temporarily.

http://sg-stock.blogspot.com/2020/10/s-500-technical-analysis-part-5.html

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Stock calls for 9 October 2020

Another constellation is aligning and a big financial crisis is brewing this time. - Part 10

https://www.washingtonpost.com/technology/2020/10/06/amazon-apple-facebook-google-congress/

US investigation faults the US technological firms with anti-competition monopoly tactics.

This is getting interesting.

An unknown force or someone is trying to capitalize on the existing dour economic situation and induce a financial crisis by disrupting the banking and technology sectors now.

http://sg-stock.blogspot.com/2020/09/another-constellation-is-aligning-and_29.html

A healthy stock market must commensurate with good economic traits.  However, good economic traits are lacking in the current euphoric stock market.  This aberration cannot continue perpetually and will come to an end eventually.  It looks like an unknown force or someone is trying to do that now by creating a financial crisis.

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Stock calls for 8 October 2020

 

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Stock calls for 7 October 2020

Trump is still struggling to breathe after leaving the hospital.

 He can infect others like that.  What an irresponsible president!

S&P 500 Technical analysis. - Part 5

https://rb.gy/hn4z9i

Just as we had expected, the candlestick gap proved to be a very good support range and the S&P didn't crash through the gap.  The S&P had just closed above the recent resistance level which still indicated that it was still on a bullish trend.  Therefore, the next resistance level will be the upper end of the Bollinger band since we set it to be 2 standard deviations which will include 95% of all the data.

https://sg-stock.blogspot.com/2020/10/s-500-technical-analysis-part-4.html

City Developments - Stock calls