It was a net bullish day, the SPX printing a new hist’ high of 4807, if settling -4pts (0.1%) to 4786. Meanwhile, WTIC settled +41cents (0.5%) to $75.98.
sp’weekly1b
WTIC daily
Summary
SPX: I’d note the weekly 10MA at 4666… which looks out of range in the near term. At best… the bears might see a minor retrace to 4720/4700, before the buyers pile in again. 5K appears realistic within late Jan/mid Feb’.
WTIC: oil climbed for a fifth consecutive day, printing $76.92. Today’s candle is somewhat stalling from around the 50dma. The 10MA in the $72s looks viable within 1-2 days. M/t bullish to giant psy’ $100.
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Looking ahead
Wednesday will see Intl’ trade, pending home sales, EIA Pet’
Earnings: FCEL
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PF chart of the day
Computer has a very powerfully bullish target of $37.50.
Ford, monthly
Ford is set for a fourth consecutive net monthly gain. Soft target is the 1999 historic high of $23.15. From there… secondary target is psy’ $30. The latter appears realistic by mid 2022. Wells Fargo recently issued an ‘overweight to $25’.
I don’t own, having sold a few months ago, but am looking to pick up within 2-3 days.
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Final note
I highlight this lady again for a few reasons. First… its just a reminder that its good to have reserves… of almost anything. Why would anyone not want spare things?
Most of all though, there is the issue of ‘friends/family’, who CHOOSE not to prepare. Personally, I find it bizarre she wouldn’t make it quite clear to those in her social circle ‘you’d better also prepare, and not expect to just turn up at my door’.
The notion of making all that effort, but being open to allow the freeloaders to literally eat her reserves within 1-2 weeks is crazy. However, I’ll always give her credit for being bold enough to be ‘out there’ on Youtube, as it wouldn’t be that difficult to work out her home address.
To the ‘recent/new’ people… I’d highly recommend this…
Its the same lady with a friend in a car… but the conversation is about the long term energy issues on the eastern side of the Atlantic. The UK continues to be on the leading edge of many nations, that have no sensible energy plan. Blackouts are coming… and it will likely start with my own nation.
Yours truly is looking to get some batteries in 2022. A couple of 2000watt would be a start. Enough to power a desktop for a day, some lights, or charge up a laptop for a week.
Further, I’m also considering Starlink as a backup internet. My internet is via the 4g/5g mobile phone network. Its great… but if the power grid goes down… so will the phone network, and thus I’d drop offline.
I was always one for being independent, with batteries and Starlink on my purchase list for 2022. Ohh, and I’m hoping Starlink will IPO in H2 of 2022, I’d be a buyer!
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As the societal elite are laughing at the notion that the sheep/serfs might be denied social security if they aren’t vaxxed. Its not a new idea, having been floated around since late 2020.
If any nation would try it, it’d likely be Australia, or a European state like Austria, Germany, or Greece. I don’t expect it in the UK… as when it comes to matters of state support/welfare, that would bring out the crazies to torch the cities.
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More from the Dore…
Ohh, this made me real mad last night (I watched the show live via Youtube). T+4mins… the UK Govt’ have been funding a company – Valent Projects’ to make videos specifically against those who talk against the narrative.
Just think about that… the UK Govt’ are actively funding a private company to have people spout lies against those it doesn’t like. That does include Dore, and whilst I’m still ‘below the radar’ of most, it wouldn’t surprise me if I was flagged for C19 ‘misinformation’ by my own corrupt Govt’.
The UK is a sick society, whose populace are literally cancerous upon themselves. I hope most of the psychos get what they deserve within the next few years, and that includes the piece of garbage PM… Johnson.
Goodnight from London
Yours… will never back down