2020.....conventional energy Vs clean energy, what do the charts say?
XLE (Energy Select Sector SPDR Fund)
major holdings: xom, cvx, kmi, eog, slb, cop
YTD daily , 8 ema
YTD: - 45%
ICLN (ishares Global Clean Energy ETF)
major holdings : run, sedg, plug, fslr, vws, sgre
YTD, 8 ema
YTD: +43%
popcorn-eatinggif
XLE (Energy Select Sector SPDR Fund)
major holdings: xom, cvx, kmi, eog, slb, cop
YTD daily , 8 ema
YTD: - 45%
ICLN (ishares Global Clean Energy ETF)
major holdings : run, sedg, plug, fslr, vws, sgre
YTD, 8 ema
YTD: +43%
popcorn-eatinggif
ICLN needs to take a breather soon, its a fuckin etf !!.......whoa....another up day that ENDS in a doji at 3:50 pm? get atta dodge
...............
all the biggies getting into the EV market with both feet.... can TSLA hang on,,,,,,,,,,,
https://www.teslarati.com/tesla-25k-compact-car-forces-sacrifices-legacy-auto/
Telsa wiithin 3 yrs to have a car in the $25,000 price range.
Tesla’s $25K car will force EV rivals to make painful sacrifices: industry experts
TSLA
2 yr weekly
...............
all the biggies getting into the EV market with both feet.... can TSLA hang on,,,,,,,,,,,
https://www.teslarati.com/tesla-25k-compact-car-forces-sacrifices-legacy-auto/
Telsa wiithin 3 yrs to have a car in the $25,000 price range.
Tesla’s $25K car will force EV rivals to make painful sacrifices: industry experts
TSLA
2 yr weekly
XLE
(energy)
6 mth daily
posted some big prints about a week ago re., a few energy stocks- they have been crushed...STUNNING beatdown, something clearly wrong with the sector. Today's candle? gap down, then stright buying, late sellingn with the silly drama with the sitting president . It's a double bottom folks.... no confirmation; a bullish candle , re-claim the 8 ema and target is gap fill $33.50. It's an obvous short if it cant hold this level
the number of bankrupcies in this sector is stunning. Fathers out of a job, cant support their family. Just sad
https://www.ft.com/content/6d32e095-2ce4-481b-9737-49911ec4792a
Oasis Petroleum has filed for bankruptcy protection, the latest big US oil and gas group to hit the wall since the coronavirus pandemic sent the market into freefall.The shale group, with production in Texas and Montana, blamed the “severe downturn in oil and gas prices” as it announced the move and joined dozens of producers to have succumbed to the price crash.“Due to historically low global energy demand and commodity prices, we determined that it is best for Oasis Petroleum to take decisive action to strengthen our liquidity and overcome the headwinds now challenging both our company and industry,” said chief executive Thomas Nusz.
(energy)
6 mth daily
posted some big prints about a week ago re., a few energy stocks- they have been crushed...STUNNING beatdown, something clearly wrong with the sector. Today's candle? gap down, then stright buying, late sellingn with the silly drama with the sitting president . It's a double bottom folks.... no confirmation; a bullish candle , re-claim the 8 ema and target is gap fill $33.50. It's an obvous short if it cant hold this level
the number of bankrupcies in this sector is stunning. Fathers out of a job, cant support their family. Just sad
https://www.ft.com/content/6d32e095-2ce4-481b-9737-49911ec4792a
Oasis Petroleum has filed for bankruptcy protection, the latest big US oil and gas group to hit the wall since the coronavirus pandemic sent the market into freefall.The shale group, with production in Texas and Montana, blamed the “severe downturn in oil and gas prices” as it announced the move and joined dozens of producers to have succumbed to the price crash.“Due to historically low global energy demand and commodity prices, we determined that it is best for Oasis Petroleum to take decisive action to strengthen our liquidity and overcome the headwinds now challenging both our company and industry,” said chief executive Thomas Nusz.
Those penny stocks have $125 million deals every week .
lol, was having fun with it, guess it wasnt funny.....
these printing today;
IAU - (gold) 3,000,000 shares @ $18.25
AAPL - (Apple) 1,300,000 shares @ $116.26
XLE - (energy) 1,100,000 sahres @ $29.87
BNS (Bank of Nova Scotia) 2,700,000 @ $41.73 :think2:
BNS
6 mth daily, 8 ema
lots of room to run , it broke through the 50 sma today
these printing today;
IAU - (gold) 3,000,000 shares @ $18.25
AAPL - (Apple) 1,300,000 shares @ $116.26
XLE - (energy) 1,100,000 sahres @ $29.87
BNS (Bank of Nova Scotia) 2,700,000 @ $41.73 :think2:
BNS
6 mth daily, 8 ema
lots of room to run , it broke through the 50 sma today
very very good candles today Mich-definetely suggests continued movement upward , 3429 on the ES to be tested (1% higher), that's the high set approx two weeks ago; a break of this and loads of room to run if she wants. wasnt only the tech sector that carried the weight today. The financials had a big day; broke the 50 sma, gapped it!! BUT its 200 sma was rejected,check the chart, pretty cool (how about Citigroup after the the massive print!). The 200 sma on XLF has been rejected FOUR times since June - HUGE day tomorrow. We may see the SPY break $339 on the back of the financials finally breaking its 200 sma! In addition the VIX tried to break its 200 sma-- rejected!!!!......something has to give here....Oct, anything goes
saturday's news from Pence that a vaccine is anticipated by yr end is just great news. Add to that Trump seems to be doing well and double good news. Didnt Johnson worsen after about 5 days after his diagnosis? pretty sure that was the case. Hopefully Trump takes it easy for awhile.
ICLN (clean energy) up again today with a long green candle- check the chart #1284-- this thing is up 21% in about 6 days, its a fuckin etf. I dont get it, not sure what to make of this-what's going on?
saturday's news from Pence that a vaccine is anticipated by yr end is just great news. Add to that Trump seems to be doing well and double good news. Didnt Johnson worsen after about 5 days after his diagnosis? pretty sure that was the case. Hopefully Trump takes it easy for awhile.
ICLN (clean energy) up again today with a long green candle- check the chart #1284-- this thing is up 21% in about 6 days, its a fuckin etf. I dont get it, not sure what to make of this-what's going on?
Forgot to respond to the clean energy index question.
Been watching a stock that someone on this board turned me on to named Solar Edge Technologies (SEDG). Think it was Northern Star and if I'm not mistaken he's in the business. Maybe he can come in here and confirm this. It's a solar panel company. It has been going like crazy since the market bottomed in April (almost a four bagger).
So this is just my theory but the housing market in the suburbs of Boston is booming. Not the city, the suburbs. Because of covid thousands, likely tens to hundreds of thousands of young people have found themselves working from home. Many are starting to believe that this new work culture will become normal and will be the predominant way going forward. I am watching offices close in Boston as their leases run out (you may remember that I predicted this about a month into the pandemic and the lockdowns became more draconian). Anyway, many of these young people live in or close to Boston to be part of the action and or reduce the commute which is a total time suck and hassle in any big city in America today. Because of the shutdowns they have retreated from the city and found the outdoors (many different ways). So I think inn aggregate they are findng out that they no longer need the hassle of the city and they are buying housing in the suburbs.
The shutdowns and work from home result also mean that people have a ton more money in their pockets. No more cost of commuting and parking; no more cost of eating out in the city; no more dry cleaning bills; no more necessity of spending money on makeups and coifs. Maybe no more is an overstatement. But you get the idea.
They have extra money, are moving out of the city, and likely are buying green heating systems. Add in the people who already have homes and are now upgrading because of their additional new found money.
Well, that about covers my thought pattern. Football time.
similar real estate situation happening in my neck of the woods re., suburbs/smaller towns(altho TO real estate has been up, just crazy). Thought for sure commercial real estate/reits would get hit , got that right. Did not see a real estate boom. During a pandemic with UE at 8% (not sure what the actual number is)? wow. real estate prices r inversely related to interest rates but still...people just buying it all up with these rates . Price wars in some areas where im at, wtf? Very good point about the rise in disposable income .
Interestedingly rent rates in Toronto r down , renters can thank airbnb for that
all pandemics come and go , the media can hype this all they fuckin' want> I dont see de-urbanization as a permanent outcome. The major urbans areas will be a buzz again. Time will do its thing
sedg is in the ICLN etf, makes up 6.8% of it, yeah NS call, pretty sure of that. Hope he/you own it! --what a fuckin chart! I just wonder why this sector booming so much? This cant be just retailers buying. Why r they buying NOW? Why not in Jan? they r betting on a Biden win, is my guess. And if he doesnt win?
https://www.marketwatch.com/story/w...y-11601946329?siteid=bigcharts&dist=bigcharts
https://www.ishares.com/us/products/239738/ishares-global-clean-energy-etf
SEDG
6 mth daily , 8 ema
8 straight green candles - its up 43% in 8 days?.....lol
https://www.theguardian.com/environ...s-surpass-coal-us-energy-generation-130-years
Interestedingly rent rates in Toronto r down , renters can thank airbnb for that
all pandemics come and go , the media can hype this all they fuckin' want> I dont see de-urbanization as a permanent outcome. The major urbans areas will be a buzz again. Time will do its thing
sedg is in the ICLN etf, makes up 6.8% of it, yeah NS call, pretty sure of that. Hope he/you own it! --what a fuckin chart! I just wonder why this sector booming so much? This cant be just retailers buying. Why r they buying NOW? Why not in Jan? they r betting on a Biden win, is my guess. And if he doesnt win?
https://www.marketwatch.com/story/w...y-11601946329?siteid=bigcharts&dist=bigcharts
https://www.ishares.com/us/products/239738/ishares-global-clean-energy-etf
SEDG
6 mth daily , 8 ema
8 straight green candles - its up 43% in 8 days?.....lol
https://www.theguardian.com/environ...s-surpass-coal-us-energy-generation-130-years
