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Strategies & Market Trends : ajtj's Post-Lobotomy Market Charts and Thoughts
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To: Jacob Snyder who wrote (40451)11/2/2021 1:17:51 PM
From: Jacob Snyder  Read Replies (2) of 96671
 
UL does not want to go up. schrts.co It remains in its narrow range, 20dma +/-3%, but cannot get above $54 even when everything else is up. Reasons:

1. Consumer staples is an unloved sector.
2. some peers have no pricing power.
3. No-fear Momentum traders would rather day-trade Tesla options.
4. European stocks generally have lower valuations than equivalent U.S. stocks (for reasons I do not understand).
5. Slow re-opening, especially ex-US, where UL gets 60% of revenues.
6. Higher interest rates make dividend stocks less appealing.

So I sold some at $54, will sell more at $55. Buy back at $52.5 and down. $52 is LT support, and at $50 it pays a 4% dividend yield, so if it bounces there, I double up.
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