BAC was a major casualty of the post financial crisis in 2009. BAC purchased Countrywide Mortgage for 2 billion dollars. The total fines BAC paid to the various government/regulatory agencies was around 50 billion dollars. BAC has been lagging in the banking sector. BAC’s vast banking branches collected handsome amount deposits. In a rising interest […]
AMD has been a fabulous turnaround story in 2016. AMD was once facing existential threat. The new CEO has turned the ship around. The street has done a good job in explaining why the chip sector has further room on the upside. This chart shows in numbers how far AMD will go.
Value Line Geometric Index represents the real US economy. The multi-national blue chip Dow 30 companies are where investors park their money, not in the real economy. The value line has been range bound since it first peaked in April 1998, which was a result of the real boom time in the 90’s. The second […]
The percentage of NYSE stocks above the 200-day moving average should rise with the NYSE index. Ever since the rally after the election, the market internal gauge such as the percentage of NYSE stocks above 200 day MA has been anemic. The percentage of NYSE stocks above the 200-day moving average should rise with the […]
The S&P 500 index four-year cycle bottomed on 2/11/2016. Since then, we have had three weekly primary cycles. The cycle performance is as below: Weekly Cycle Low to High High to Low 2/12/2016-7/1/2016 20-week cycle 17 weeks advanced 310 pts, 17% advance 3 weeks dropped 129 pts, 6% correction 7/8/2016-11/4/2016 18-week cycle 7 weeks advanced […]
Gold rallied three quarters in 2016. It went right against the long term down trend channel line in July 2016. The strong dollar is pushing the gold to violate the support at the previous low at 1064.50, then it will draft down all the way to test the 9.25 year cycle low at 785.60. Good […]
