I’m feeling quite frazzled tonight after seemingly battling against tech issues and minor admin crud all weekend. It started when my paper copy of ‘Investors Chronicle’ failed to show up (typical as it is the Simon Thompson ‘Bargain Shares’ issue – but it is extremely unusual for it to no show on me), and I had to resort to using my 10” Tablet to read the online version which to be honest I am really impressed by. I like having the paper version as I get so fed up with looking at screens all day long and it is a pleasant change. And of course it works well in direct sunlight !!
If you try the Online IC yourself, you can get a PDF copy but you are probably wiser to use the App thing which presents it really well and you can make the Text size much bigger; which at my elevated age is extremely handy !!
The tech hassle was because I couldn’t get myself logged in and wasted an hour faffing about. In the end, it was because I had typed my email address slightly wrong and on the small screen of the tablet the print size for the login details is really small so it was not immediately obvious. So then of course I continued to type in every possible variation of the Passwords I tend to use and none would work because of the email address error – even if I did accidently manage to type the correct Password. An hour wasted but at least I have learnt that I can use the IC App if I need to.
It’s rare for my paper copy not to arrive but a quick phone call tomorrow should ensure they send one through. And with it being the ‘Bargain Shares’ episode I am eager to see it – although the list of Shares chosen this year looks quite a mixed bag with only a couple really interesting me without seeing Simon’s detailed rationale yet. The other big bit of tech grief I have had to endure arose some time ago regarding the Statistics for my Websites in terms of how many people visit the site and for how long they stay and what pages they read etc. Anyway, for years everything seemed fine and the numbers I was getting seemed about right and made sense, but suddenly Weebly.com changed the way they obtain the Stats and my numbers changed dramatically (in a bad way !!) and to be frank they just don’t make sense. Weebly seems to have integrated them with Google Analytics which I have used in the past (it is brilliant and Free but extremely complicated) and upon much investigation last night I realised that a lot of the SEO (Search Engine Optimisation) elements were incorrect and the reality is that I have not bothered with any of this for years. After much agro I sort of straightened things out I think but I won’t really know until perhaps tomorrow night because it takes a while for Google Analytics to catch up and use the new code I have had to put in. I guess to put a positive spin on things I now understand a lot more about all this stuff than I used to but I find anything like this a bit irritating and a diversion from what I really want to be doing which is writing Blogs and doing research and stuff. This is my attitude on Admin grot as well – I just hate doing it as I don’t feel like I have infinite time windows and it is taking me away from what I want to be doing. I am also extremely conscious of the balance in my life between things like my Health requirements; my Social Life; WheelieDealer activities and my own Investing process stuff etc. Of course in truth the last 2 overlap a lot as much of what I do with WD is really just me telling everyone who follows me on Twitter and reads my websites etc. what I am up to. So on top of the tech mucking about I also had some admin nonsense that had to be done like setting up new Accounts on Twitter specifically for Twin Petes Investing and I imagine we will power these up properly in the future – but I just wanted to get them created and ready. We have countless ideas for the Podcasts and hopefully we will be improving them all the time and make them something highly prized by our Readership and Listenership (is that a real word?). And you can be sure that the stuff will always be Free because quite frankly I really can’t be bug*ered with the admin aggravation of having people pay for WD stuff and all the GPDR tedium and Customer Service issues that go with it. I can make a lot more money from my Investing activities and my time is better spent doing that. And being down the Pub (obviously). I won’t go into the Markets too much tonight because we just released ‘TPI Podcast Number 16’ where we cover this sort of stuff and I reckon this is the best Podcast we have recorded so far. You can find it here on Soundcloud and if you use Apple and/or Audioboom you can find it under the ‘Conkers Corner’ Channel. https://soundcloud.com/user-479955511/conkers3-wheeliedealer-coronavirus-impact-on-markets-tstl-mpac-song-futr-sdi-ixico Of course I will look at the Index Charts later because this helps me a lot as well !! Last Week Things really went my way last week with a storming gain of 4.6% which is pretty much as good as it gets with my Portfolio which currently holds 41 Stocks. I think things just fell nicely for me with my lovely MPAC storming ahead and with TSTL really surprising – and the common factor on both of these is that they are relatively big positions – arguably too big so at some point I will need to trim but at the moment I am letting them run. On the Podcast Number 16 I outline my plans for MPAC. Always have a plan and think ahead of the game. At a high level it seems to me that the FTSE100 and the UK Markets are a bit sideways at the moment but the US is still right up at All Time Highs and been showing a lot of bullish behaviour. I will show this on the Charts in a bit but I see no reason to change my fairly aggressive stance this year and after 2 or 3 years of being cautious because of all the political stupidity, I must say it is a highly refreshing change and ‘the old WheelieDealer is back in business !!’ I have a small Long position running on the S&P500 and I will discuss that in the Charts bit below. At the moment I intend to keep that running but I will be checking the Charts every night as usual and be watching out for trouble. It strikes me a Pullback will come but it is probably going to be March/April which tends to be the usual seasonal pattern. I expect 2020 to be a good year as US Presidential Election years usually are. I have bought quite a few Stocks recently and would like to be adding to those positions – in particular I would like to get ‘mirrored’ Spreadbets on a few. I will be focusing my mind on this in coming days and weeks and I also am thinking about a new Stock for my Income Portfolio but I am not rushing. I’m off to the Shares/Cenkos Innovation Show thing in Islington on Tuesday and I plan to speak to a few Companies there and maybe I will be buying one of those in coming weeks if I like what I am seeing and hearing. ******THE TEXT BELOW ABOUT THE VARIOUS EVENTS IS IDENTICAL TO LAST WEEK – I HAVEN’T EVEN BOTHERED READING THROUGH IT – SO SKIP TO THE ‘BLOG SLATE’ BIT IF YOU LIKE******* Mello Event and WheelieBash 2020 At this time of the year things are a bit tentative but just to let you know I have heard there could be another Mello Chiswick Event in May and I discussed with Aston Girl when to hold the WheelieBash and it will most likely be at the start of September as usual, but I will confirm the date we came up with before telling everyone. UK Investor Show **IT LOOKS LIKE I WILL NOT ATTEND THIS SHOW ALTHOUGH I HAVE YET TO CONFIRM THE ALTERNATIVE SOCIAL ENGAGEMENT I MIGHT HAVE. I WILL MOST LIKELY BE AT MASTER INVESTOR THOUGH AND ALSO AT THE SHARES/CENKOS TECH EVENT** I keep meaning to mention this Show but forgetting to include it. Anyway, there are 2 big Shows that I have been to in past years which of course are Master Investor in Islington and this one that is usually in Westminster. It takes place on Saturday 25th April 2020 but at the moment I am not thinking of going to it but I thought Readers might be tempted. Anyway, you can find out details here: https://www.ukinvestorshow.com/ If you do want to go, then do a search for ‘Discount Codes’ or shout on Twitter or something and usually a FREE ticket can be tracked down. Master Investor Show Islington This is taking place on Saturday 28th March 2020 and is held at the Business Design Centre (BDC) in Islington which is in that London. I have probably been to this for most years over the last couple of decades and it can be worthwhile both for the Speakers and the chance to meet up with other Investors, although the Companies tend to be dominated by Oil & Gas and Resources AIM stuff which is certainly not by Cup of Darjeeling. Having said that, there are usually a handful of proper Companies and at least the limited choice makes it easy deciding which Stands to visit !! The Admission Fees are pretty cheap but if you use Discount Code BFMI you can probably get a FREE ticket: https://investoraccess.masterinvestor.co.uk/events/master-investor-show-2020/ I haven’t totally decided if I am going yet but I probably will and no doubt I will be mostly hanging around the Canteen area on the top floor. There is a Restaurant of some sort next door and usually we pop in there. It used to be pizzas but I think it was some sort of burger joint last year. NOTE – it looks like the Share/Cenkos Growth & Innovation Forum which is on February 11th is now full up but if you contact Dan the Editor at Shares Mag maybe he can help you. If you are lucky enough to have a Ticket already, then I will see you there (make sure you grab me and shout “Hi Wheelie” in my lughole). Blog Slate A couple of days ago I issued Part 2 of the ‘Educational Blogs’ about a possible Bubble and how we should play it if it does happen. I recommend you read it because it will give you good background to various Economic forces that are pushing things higher and if we play it even fairly well there is potential to make a huge amount of money – and of course most of us would like that !! I am suffering from the usual problem of too many great ideas for Blogs and lacking the time to write the blessed things. I am convinced that I think up 2 new ideas most weeks and sadly I only ever write one !! This coming week I am a bit torn as to what to work on – I thought up a new idea a couple of days ago and I really want to write that but I also want to do some in-depth research on SONG as I discussed on the Podcast. With me being out on Tuesday in Islington it might be a push for me to do much on the SONG one and out of the Show I might get an idea for another Blog so I will have to see how I feel. With Blog scribbling I find it is very much about what I want to write rather than what I should write !!! I also intend to help a guy with a new Website he is setting up and I will be contributing something to that - so I have plenty to do don’t you worry…….. And if I am busy it will keep my mind off the MX5 which is currently languishing in Farnborough and won’t be making its merry way to the High Wycombe hand control people until another week – I reckon it is about 4 to 5 weeks before I can actually drive it. At least the weather is pants so that makes me feel less narked about it. From down in the Document Storage Department This ‘oldie but a goodie’ has been carbon-dated as coming from June 2016 but most of the concepts in it are still valid and it very much ties in with the stuff I wrote in the Bubble Blogs: https://wheeliedealer.weebly.com/educational-blogs/will-the-authorities-abolish-cash As always, if you go to the ‘Blog Index List’ on WD2 there is a full list of all the blogs I have ever written (literally hundreds) and links to find them. If you look at the top of the Main Homepage on WD1 then there is a Button that will take you to the ‘Blog Index List’. Enough gibberish, what are them Charts telling us? S&P500 As per normal, the images I show are ScreenGrabs from the excellent SharePad software that I subscribe to and if you click on them the images should get bigger and clearer. Unfortunately I have had problems with this recently although you should still be able to see what I am going on about. First up we have the Weekly Candles and where my Blue Arrow is we have a nice big White Up Candle and that looks pretty Bullish. It topped the Week at about 3347 and that is the new ATH which needs to be broken. If it goes above this, that is yet more Bullishness. There is solid Support at 3070.
Next it’s the Daily Candles for the S&P500 but I am interested here in the interaction of the Black Wavy 13 Day EMA (Exponential Moving Average) and the Red 21 Day EMA. Where my Blue Arrow is we had a ‘Bull Cross’ on these EMA Lines where the 13 Day crossed over the 21 Day from below; and where my Ellipse is we seemed to be heading towards a ‘Bear Cross’ but it looks like we have avoided it and such avoidance is actually a sign of a very Bullish Market.
In the bottom window on my Screen below we have the RSI (Relative Strength Index) for the S&P500 Daily and on a Reading of RSI 63 where my Black Arrow is this is not particularly high so there is room to rise if the Bulls want to take it higher.
Lastly for the S&P500 we have the Daily Candles with the Pink shaded Zone marking the Upper and Lower Bollinger Bands. My Black Arrow is pointing to a small Black Doji Candle from Friday which shows it pretty much wobbled about and didn’t do a lot. Note on Thursday there was another small Doji and it turned down off this.
My Blue Arrow is pointing to the Candle from Wednesday and the bottom of this Candle at about 3313 could be Support in coming Days. My Ellipse is showing a Zone of Support as well. On the evidence I see here I am happy to keep my S&P500 Long running.
The Nasdaq Composite and the Dow Jones Industrials Index look quite similar.
FTSE100 First off we have the Weekly (it is always best practice to start on a longer timeframe and then to drill down) and my Red Ellipse is trying to capture the Candles from last Week and the Week before and in combination this looks like a ‘Bullish Harami’ pattern; although the ‘context’ is not powerful as you would require more of a drop before for a really strong signal. My Box thing shows good Support just below and my Black Ellipse shows a Zone of Resistance up above.
Now the Daily Candles and the 13 and 21 Day EMAs – my Red Arrow is pointing to a ‘Bear Cross’ on these and this implies more weakness. However, although I like this Indicator hugely it is not perfect when an Asset or Market is chopping sideways – so that needs to be considered. As I showed on the Chart above, there is good Support below down to 7000 especially.
In the bottom window we have the RSI for the FTSE100 Daily and on a Reading of RSI 50 where my Arrow is, this tells us pretty much nothing and it can go either way.
It is really in the extremes that I find this Indicator useful (as you can see in the Green and Red Peaks).
Finally the Daily Candles for the FTSE100 with the Pink Zone showing the Upper and Lower Bollinger Bands. My Blue Arrow is pointing to a Down Candle from Friday and it has turned down off a sort of ‘Shooting Star’ shape Candle from Thursday (which had its High at 7533) and it looks like it could drop more. However, there is a lot of Support below as I have been saying above.
Right, need to close it off there. Good luck for the coming week and I hope to see loads of you on Tuesday. And remember to listen to the Podcast, Cheers, WD.
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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
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