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Strategies & Market Trends : ajtj's Post-Lobotomy Market Charts and Thoughts

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To: Lee Lichterman III who wrote (73955)11/16/2022 9:02:41 AM
From: Lee Lichterman III5 Recommendations

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I listened to a really really good interview this morning that got me way behind. In it, he talked about just about everything, (It was almost 3 hours long), but it was interesting in something no one else has talked about. Basically, he thinks energy will basically be free in the near future. I probably am going to stay away from utilities going forward. He said that utilities are being required to spend trillions of dollars to upgrade infrastructure, power lines etc to handle the needs of solar and that incentives, improvements in solar technology where it works even in overcast conditions etc will lead to homes generating their own needs and sharing extra production. Eventually, utilities will just be handling distribution but not really so much production of power. They will be burdened with high costs of infrastructure build out in the meantime.

As for the overall market. I now have sell signals on only the DOW but not the other indexes. On the other hand, I have sell signals on a boatload of regular stocks and ETFs. My system doesn't do very well on strong moves so they could be negated since the rally was rather sharp and fast but it could be a warning so thought I would mention it just in case. My system was designed for a trending and range bound environment and not rapid moves off extreme highs/lows.
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