Sanofi (SAN) is one of the most important pharmaceutical companies in the world. Its fundamentals remain very good. Recently there were lots of articles as per a drug of the company for possible treatment of the COVID-19. Yesterday Sanofi was once again in the news due to the big race for a vaccine for the COVID-19. Sanofi CEO Paul Hudson has laid out some of his...
For Coca Cola (KO) no need to analyze the fundamentals. They are good. I like the chart, I will drink to that a nice cup of frozen coke. The stock continues its well formed consolidation. That's very good. Once it ends it, it will move up in a nice way. Strategy Wait for (e) to end (I will update the chart once it does) and open a long position Then increase...
VOLATILITY (VIX) has ended (or is very close to that) its correction. The move up will accelerate above the diagonal resistance line and become aggressive above the level of wave 4. My 1st target is within the 60+ area.
The Spanish Index remains quite vulnerable. It is preparing for wave 5 down which will push the index below the recent low of wave 3. Strategy Short term: go short below 6570 Increase short position below 6400 and I can add for the fans of Technical Analysis that we have a possible H&S formation since Wave 3 Disclaimer Trading has...
The German Index is preparing to move lower. Below 10400 the move will accelerate. The move down (wave 5) will bring the DAX below its previous low (wave 3). Strategy Short term: go short below 10600 Long term: Increase short position below 10400 Disclaimer Trading has potential rewards but also potential risks. Therefore don't trade with money you can't...
Expect price to move lower. As to Greece's economy, after the bankruptcy of 2010 and the many years of austerity, Greece was presenting clear improvement in its macroeconomic figures since 2018. Unfortunately the Covid-19 crisis has the potential to turn to a Mega Crisis and therefore this year and next year could be very difficult. As for the chart of the...
The stock of MODERNA is preparing for a new move UP. As soon as the triangle will break on the upside, the move will most probably be aggressive.
XMRUSD is presenting a promising pattern. It remained within a Triangle for some time and if we saw - as I believe - waves 1 and 2 then a 3rd strong wave up will follow. Price will guide us on this but also in other cryptos. At my site winstox.webnode.com I have added the Target price as to XMR and I am also mentioning BTC
Since January 2019 we saw an impressive rally for the S&P500. Investors' optimism remains at high levels but my view remains the same: the uptrend (2009-2018) has ended. We are gradually entering into Bear market territory and all that we saw during January and February was a reaction. So what to expect for the index? I am giving my view at my site ...
Recently, due to the tragic event of the crash of a Boeing airplane, the stock made a free fall and went from $444 to approx $364 before trying to stabilize. On the daily chart I have placed 3 lines. The Grey and Black lines form an area. Above it a stock remains into positive territory while below it the stock is in a negative territory. The yellow line shows a...
Somebody asked me why XBI is going up so much. When you have such kind of questions you need to see the big picture and control your emotions if you have an open position. Markets go up, sideways or down because they just reflect crowd psychology. This is why it is important, during weekends for example, to analyze the big picture. What I see in XBI is that we...
MERRY CHRISTMAS to all. As mentioned some time ago, equity markets became vulnerable. When we have such a condition, VIX (Volatility) is going up. The uptrend has potential and at some time we could see 100 for the VIX. For now I expect it to potentially reach 50, then a reaction for markets (down VIX) and after that, the uptrend for the VIX will resume. I had...
VIX is the VOLATILITY index. Officially called the CBOE Volatility Index and listed under the ticker symbol VIX, investors and analysts sometimes refer to it by its unofficial nickname: the fear index. "Technically speaking, the CBOE Volatility Index does not measure the same kind of volatility as most other indicators. Volatility is the level of price...
During the past weeks my view was negative. It remains so. The big picture has not changed, we are just having a reaction, an year end rally. This up move as it unfolds can create some short term profits on the long side. But its main purpose should be to prepare for what will come: a Storm, a Mega Storm in my opinion. As shown at the chart, we had Wave 1 down...
The DAX is in a correction pattern from the start of the year. During October its Technical image aggravated due to the fact that it first broke its Support zone (the 2 lines in grey and in black) and then created a possible Bearish pattern, a H&S pattern, which placed the DAX into an alarming condition. The main zone of the H&S pattern which is now a Resistance...
AMD dropped as most of the stocks did since October 2018. For several stocks a reaction is close. Let me be absolutely clear on this: Not a new uptrend, just a reaction. But it could be a nice move before the next downtrend. So, above $20 it will start to be interesting and mainly above $22. If we saw sub b (in blue) then AMD will start its reaction towards $27-28...
Equity Markets plunged during the last days and despite the fact that today there is some reaction, we are not out of the woods yet. Overall on the short term I expect more downside. In addition, the DAX is presenting an alarming pattern which must be followed closely. As I wrote several times in the past (in previous analysis) it is time for Capital preservation .
The DJI is trying to stabilize and this may attract some investors. However the down move that started on Oct 3rd is still unfolding. Most probably we are having now sub wave IV of 1 and then a V will follow. Overall nothing has changed for US indexes. Any move up remains an opportunity to go short or decrease long positions. Capital preservation is the most...