Can just a handful of stocks support the overall markets?
Dana Lyons kicks off today by focusing on the overall markets and outlining the few sectors that are holding the broad averages up. A couple key questions are the following… Can these few sectors hold up the overall markets? And is there still upside in the few standout sectors?
Dana is also running a spring sale over at The Lyons Share. Click here to get 25% off his service.
Thank you David. I’m sure luck did it’s part too!
NVO has a some fork resistance just above 3.20 but I doubt that it will be formidable…
https://stockcharts.com/h-sc/ui?s=NVO.V&p=D&yr=1&mn=3&dy=0&id=p95431868164&a=703918626
Current resistance is coming from the upper Bollinger Band… and look at that healthy/bullish volume spike today:
https://stockcharts.com/h-sc/ui?s=NVO.V&p=D&yr=1&mn=0&dy=0&id=p87038454929
T.FVL= KAPOW, It has now broken out of consolidation! DT
The answer to the title question is – yes. On the basis of the Sherlock Holmes quote ‘Once you eliminate the impossible, whatever remains, no matter how improbable, must be the truth.’
NAK. Northern Dynasty has doubled in the last month.
bye bye fish, but who the heck needs food or nature?
Sometimes there are investments I dont want on my conscience.
b:
I don’t own the stock but I do have real estate next to the deposit.
My daughter and her husband also have their A-Star 350 leased to a company that does a lot of work for Northern Dynasty.
This use to be a twenty dollar stock not that long ago.
Speaking of fish b, how many $8 dollar cans of Red Salmon have you bought lately?
And just for the record:
I’ve always said they will mine Pebble when Fukashima kills all the Salmon.
Ive never heard of red salmon, do you mean pink?
I rarely eat any salmon, I live in Alberta now so its pretty much impossible to find any that is smoked correctly which I would eat every chance I got.
I simply dont believe a financial profit is worth destroying the resource.
Like profiting from arms manufacturing, I dont want it on my conscience.
B, I don’t own Northern Dynasty and don’t plan to but I have to point out that you can trade it with a clear conscience if you do so in the secondary market like most people since the funding happens in the primary market. In other words, just avoid the private placements and you’ll effectively reduce your role to that of a spectator betting on an outcome.
If you bet that a hurricane will destroy Houston, it doesn’t make you responsible for it.
That is a great comment Mathew especially with the Fed buying everything in sight.
Who knows any more what is what.
The largest Sovereign Wealth fund in the World, (NMIM) just blacklisted four of Canada’s Oil Sand’s Companies though citing unacceptable Green house gas emissions.
The pressure is on Alaska as this is there sixth consecutive year of deficit spending.
B:
Red Salmon is called Sockeye.
Northern Dynasty’s Pebble deposit is next to Lake Iliamna, home of the World’s largest Sockeye run.
#2 largest known Copper,Gold, Molybdenum deposit in the world right smack in the headwaters of the World’s largest Sockeye run.
This will be interesting as there is also a Freshwater Seal in Lake Iliamna that was just put on the protected list I believe.
High volume speed line breakout for AG:
https://stockcharts.com/h-sc/ui?s=AG&p=D&yr=1&mn=0&dy=0&id=p34047969162&a=724289504
Nice job on the Silver call Mathew.
Look at the chart I posted of NAK and look at the Ag chart and you will see they both bottomed at about the same time.
With the Fed’s decision to weaponize the dollar through swap lines, dollar friendly Countries will be front and center.
Thanks John. Yes, the miners all pretty much bottomed together.
Great Bear share conversion to GTBAF + royalty share acknowledgement in TDAMERITRADE, BUT NOT schwab
Great day for ASM . Core holding, been a long way down, accumulated & never gave up on it however. AAU on deck?
Oh, I get it: Buzzy was he was a bear? So much for Charles Darwin & the Green New Deal
Excuse the post in this thread, but just want to make a huge shout-out to Matthew and his charts on the silver miner projections. He hit it! Also on the Novo projections. I decided to go with what I had, and got a good jump on my holdings…but just about everything else also. Hail Matthew!