S&P - GAFA+M (FX adjusted) ... doing nothing since april
تم تحديثه
If you take the 495 stock of the S&P and adjust it for the USD recent devaluation...
We're stuck below a 0.618 retracement, under the moving averages and below what seems to be a declining trend line
So we basically have 5 companies are supporting the rally... with 4 of them being investigated by the congress...
I wouldn't even try to look at it in gold or EUR terms.
Here is the formula:
(SPX-(AMZN*501000000+FB*2851000000+MSFT*7571000000+GOOGL*1360327270)/8300000000)*TVC:DXY/100
PS: I like to adjust it for USD as it gives a better picture of the relative return for investors as for example in this case ,just holing euros would have provided a 9% return YTD.
We're stuck below a 0.618 retracement, under the moving averages and below what seems to be a declining trend line
So we basically have 5 companies are supporting the rally... with 4 of them being investigated by the congress...
I wouldn't even try to look at it in gold or EUR terms.
Here is the formula:
(SPX-(AMZN*501000000+FB*2851000000+MSFT*7571000000+GOOGL*1360327270)/8300000000)*TVC:DXY/100
PS: I like to adjust it for USD as it gives a better picture of the relative return for investors as for example in this case ,just holing euros would have provided a 9% return YTD.
ملاحظة
this morning readings:wolfstreet.com/2020/07/23/media-continues-to-misreport-unemployment-claims-31-8-million-people-on-state-federal-unemployment-insurance-week-18-of-u-s-labor-market-collapse/
cnbc.com/2020/08/04/the-fed-is-expected-to-make-a-major-commitment-to-ramping-up-inflation-soon.html?__source=twitter%7Cmain
how to inflate the stock market a bit more (in USD terms of course)
ملاحظة
BTW not sure why the fed thinks something that didn't work in Japan or EU would work in the US...
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.