My 20/20 Year of the Rat predictions: $DXY will fall to $95 $EURUSD will go to $1.15-$1.16 Oil $CL_F will go to $70 Gold $GC_F will go to $1634 $SPX will pullback to 2850+ $APPL will pullback to $222 $TSLA will go to $500 and $300 $TNX 10 yr. yields 2.11% to 1.29% Happy New Year!
CHARTBLOG
Transocean stock (RIG) in 2019, the high was at the Yearly Pivot point(YP) and the low on the Ys1 pivot point. YP to Ys1=textbook. Look for next resistance at the 50% yearly fib @ $6.77.
Starbucks stock (SBUX) fell in Oct. & Nov. to the Yearly R2 & Qrtly S1 pivot points. The confluence of pivots was strong support. I recommended buying @ $82 with a $1 stop loss. Profit target is at the QP @ $91.
10 yr. bond yields in 2019, went from the Yearly Pivot(YP) to the Yearly S3 pivot point(YS3) 1.50%. What I find interesting, is in 2018, the low was on the 2018 YP and the high was at the 2018 Yr3 pivot @ 3.25%. The complete opposite in 2019.
On June 4th here, I recommended buying Tesla stock TSLA @ $178. Now it's at $400. Good spot here to take some profits off!
Bitcoin $BTCUSD in 2018, the Yearly S1 pivot point(YS1) caught the fall. In 2019, the Yearly R1 pivot point(YR1) stopped the rally. Coincidence? The 2020 yearly pivots, should show us where Bitcoin is going next year.
The Chinese Yuan USD/CNY USD/CNH in 2019, low was on the Yearly Pivot point(YP), and the Yearly R1 pivot point(Yr1) stopped it. YP to Yr1.
The EUR/USD in 2019, fell hard on Brexit news. The Yearly S1 pivot point caught the fall. I recommended buying the EURUSD @ $1.0930. Looking for it to go back to the 50% retracement fib @ $1.1224.
In 2019, the GBP/USD fell hard on Brexit. The Yearly S1 pivot point caught the fall. I recommended buying @ $1.20 on Ys1, and selling at the YP @ $1.320. I left 3 cents on the table.
Altria stock (MO) fell hard last fall when the vaping scare hit. The Yearly S1 pivot point caught the fall. I recommended buying MO stock @ $40(YS1) and risk $1($39). I have already taken some profits at $50, and looking to take some more off at $54-55(YP). Ys1 to YP. I will keep half my position with a 8.5% dividend.
Cisco stock (CSCO) fell a few weeks ago after earnings. On December 5th, I recommended buying CSCO stock @ $43(YP) and risk $1($42 stop). We have moved our stops up and are looking to take some profits soon at the $48 gap and more @ $50(YR1).
CBS and Viacom(VIAC) completed their merger. In early November, I recommended buying VIAC at $36 and risk $1($35 stop). Since then, we have moved our stops up and the 1st profit target is at $45(QP & 200day & 50% fib). Ys1&Qs1 to the QP/200day.