Wednesday, October 14, 2020
S&P 500 Technical analysis. - Part 8
S&P 500
The S&P 500 had developed another candlestick gap. However, the S&P had just settled slightly below the Bollinger band. Please read below about the Bollinger band interpretation.
https://sg-stock.blogspot.com/2020/10/s-500-technical-analysis-part-6.html
As long as S&P doesn't crash through the latest candlestick gap, it is still on a bullish trend.
Who will win the US presidential election? - Part 3
https://sg.news.yahoo.com/xi-jinping-tells-marines-focus-152450011.html
When we told you that Trump might invoke a military confrontation with China just to remain as the US president, many people had doubts about our analysis.
However, President Xi didn't have a whiff of doubt about this and told his marines to be ready for war after we posted our analysis.
http://sg-stock.blogspot.com/2020/10/who-will-win-us-presidential-election_10.html
Tuesday, October 13, 2020
Monday, October 12, 2020
S&P 500 Technical analysis. - Part 7
The S&P had developed another candlestick gap recently. We had explained the candlestick gap previously below.
http://sg-stock.blogspot.com/2020/09/s-500-technical-analysis-part-3.html
The S&P is still having a bullish trend unless it crashes through the gap.
Saturday, October 10, 2020
Who will win the US presidential election? - Part 2
President Trump has refused to debate with Joe Biden virtually. Why?
Well, this is because Trump truly believes that Biden has dementia and a virtual debate will allow Biden to cheat. Therefore, Trump keeps insisting on a person-to-person live debate. Biden doesn't want such a debate because Trump is still contagious and can spread the virus to other people.
https://edition.cnn.com/2020/10/09/politics/second-presidential-debate-canceled/index.html
Nancy Pelosi wants to remove Trump from office now because the only way for Trump to continue to be the US president is to invoke a military confrontation with China by using Taiwan as a pawn and she wants to stop Trump from doing that.
https://edition.cnn.com/2020/10/08/politics/house-oversight-commission-president-health/index.html
Trump will continue to be the temporary or transitory President during the military confrontation and he can continue to serve another term thereafter without going through the presidential election process after the election deadline. This election bypass is totally legitimate and Nancy doesn't want Trump to abuse this legal loophole for his own benefit.
The die is cast in stone already. Biden will prevail unless Trump abuses the legal loophole.
http://sg-stock.blogspot.com/2020/10/who-will-win-us-presidential-election.html
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.
Friday, October 9, 2020
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
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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