DanieleTrader

Boeing (26/01/2020 technical analysis)   This weekend I present an analysis the BA price chart and also my opinion on what to expect from here on. BA, Weekly Chart Analysis (26/01/2020) Analyzing the price chart we can see that the prices stopped their very steep rise just after the beginning of the 2018 when they entered into a consolidation phase nearly the whole year to begin again to rise based on strong fundamentals and growth expectation for this solid company considered by many one of the best engineering company in USA and the world. After breaking out from the consolidation phase the prices started to move upward again until the chain of negative events began which produced a great deal of disappointment in the company and precipitation of the prices back to the consolidation zone established during 2018. Figure 1 shows the consolidation  range between what appears to be a strong support level about 300$ and a relatively strong resistance established arou...

Market Analysis SP500 and Nasdaq (19.01.2020) The past year saw a great market recovery and the confirmation that the bulls are still in control, most likely thanks for the FED intervention (three rate cuts and resumption of QE) and the hopes of a substantial trade deal with China. SP500 (technical analysis) The SP500 futures weekly chart (Figure 1) shows a market that is, at least in the short term entering over-bought territory with a RSI that just reached 80. The highest RSI reading of the last two years. Figure 1: weekly chart of the SPX500 This pattern is not so different from what happened in the beginning of 2018 when the SPX500 kept climbing until it reached a record value of the RSI, 90, after which it entered into a one year long correction that took the whole 2018 to be resolved. If the pattern repeats itself the over-bought conditions might persist for a bit longer and the value might climb closer to 90 before some sort of correction is due to happen. The...

Trading Summary of the year and monthly Report (Dec. 2019)   Dec. 2019, trading review We completed the last month of the 2019 with a 3,35% profits, the 10th month in profit of the year. We reduced drastically the exposure to Natgas and UNG and worked to recover some of the losses they produced to the portfolio during the month of November. Figure 1: Portfolio composition Figure 1 shows the basic composition of the Portfolio we will use to begin the trading year of 2020. The stocks % are increasing back, but we will wait a more significant pull back of the market before shopping further American assets. The largest exposition is reserved to stock that I personally consider to have the highest upside potential for the next year: BA, NVDA and AMZN and, AAPL (AAPL will be increased only after a pool back, I think it run up too quickly during the last months). The composition will change on a weekly basis depending on how the market moves. Inside the ETFs we own,...