I am starting this on Saturday Night again and trying to watch the Formula 1 Qualifying at the same time !! It is so nice to have a nearly decent sport back on the tellybox again, and I guess it could be viewed as another slug-like slow step to semi-normality. Hopefully my health aggro will not prevent me cracking on with this and as I start I am feeling quite good and perhaps I will be able to get a lot done before having to abandon it.
“A work of art is never finished, it is just abandoned…….” The title this weekend relates to something I want to highlight when we get to the Charts bit, which is essentially how an extended RSI reading (Relative Strength Index) to the upside (pretty much without exception), predicts a falling Price not long afterwards. We have been treated to 2 excellent examples of this just recently and I will show both of them.
2 Comments
Unusually I am starting this on Friday night because I have some other plans for Sunday; but unfortunately my ongoing health lament is really playing up today and I am right grumpy. On that particular issuette, I spoke to a Consultant at Stoke Mandeville Hospital earlier in the week, and it looks like I will at some point get an MRI Scan and most likely other stuff like X-Ray and Ultrasound, but the catch is that it could be as much as 3 months away.
I have mixed feelings about this. Clearly the NHS is absolutely jammed solid with a huge backlog of work and it is also still fighting the C19 disaster, so I can see why there is a long queue. This suits me in that I am not overly keen to go near a Hospital (which seems to be a major hot spot of C19 infection), even though I have had my first vaccination stab and my Consultant would prefer me to have the second prick before I go in. The vaccines do not prevent you getting C19, although it probably means you won’t expire – but with my useless lungs I don’t fancy getting it at all.
A pretty good week as it happens, with Stocks doing nicely and I saw some excellent gains being reported on Twitter so the change of mood we had at the end of February seems to have been shaken off already. Of course the Nasdaq is behind a bit and the fabled ‘Rotation’ away from Growth to Value does seem to be taking place. Having said that it could easily be described more simply as a shift from Tech to Cyclicals. It is notable that we seem to have wobbled a bit as we got to both the end of January and the end of February.
There is no doubt plenty of sense in the Tech stuff getting more scrutiny because Valuations have been getting quite mad in a lot of cases; but I can’t help thinking that some Cyclicals are already looking pretty hot. One that has surprised me is On The Beach OTB, which I hold, which has now got higher than it was before the March 2020 collapse and that is quite amazing when you think how many challenges the Holiday Sector faces.
In keeping with my newly found tradition of starting these Blogs on Saturday Night, and then completing them on Sunday; I am about to crack on with this with a belly full of ‘Masterchef’ Chinese Takeaway (delivered obviously) and I have no doubt that many Readers in their Lockdown Lives will recognise the pattern of desperately trying to find something reasonably pleasant amongst our deserts of tedium !!
Of course I have shoved far too many plate fulls down my gullet (why does this happen? Normally my meals are just one plate, yet when any sort of takeaway or delivered food is involved, it becomes totally standard to eat crazy amounts – despite my intention being to save plenty for coming meals over the weekend), so this could be quite an uncomfortable spell of writing for me !! |
Stocks & Markets WheelieBlogsThese tend to be more Markets and Stocks related and timely - the Blog Page on the Main WheelieDealer Website has the 'Educational' stuff (well that's the theory anyway !!). Archives
October 2021
Categories
All
|