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Strategies & Market Trends : Point and Figure Charting -- Ignore unavailable to you. Want to Upgrade?

To: Don Green who wrote (32778)	2/1/2020 1:57:47 PM
From: Underexposed	3 Recommendations Recommended By AdvocatusDiaboli Don Green rdkflorida2 Respond to of 34820

All North American indexes have the same basic profile ... one is not any better than the other and that includes the Canadian S&P/TSX Composite index (I am Canadian) I would be careful of putting money into Amazon which had a 7% gain yesterday on the basis of their beating estimates on earnings (personally that stock is way to rich for my blood). those earning are pre-coronavirus days for the most part...not sure they would be as good in the coming quarter. Here is its trigger chart See how high yesterday's price is above the upper bollie as well as the volume for that day.... both are unnatural high and I would expect a pullback very quickly next week back to around 1900 or lower. I would not trust it to keep that high...that is a rarefied atmosphere to be so high over an upper bollie. I would also be careful of Apple too.... its exposure in China is pretty high and its earnings for next quarter may not impress if this virus continues. The stock is showing the first sign of a decline TSLA looks like a great chart in normal times....they are getting good press about deliveries. It may be ok as its manufacturing is in the USA ....not currently in China though they have a facility under construction in Shanghai. one problem for luxury car manufacturers is that China is a huge market for such cars if this disease lasts months that may cut into their bottom line. I will be discussing stocks that I think will play reasonable in the coming months in my own thread - Underexposed Technical Analysis - not an easy problem to solve. UE