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!
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.
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.
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.