October - 2020

CHARTBLOG

EEM near strong resistance

Emerging Markets ETF (EEM) look for strong resistance at the Qrtly & Yearly R1 pivot point points.

INTC YP to the Ys1 pivots

Intel stock (INTC) fell last July to the Ys1 pivots @ $48. We bought it there and sold it at the Yearly Pivots(YP-YWP). Perhaps another good buying opportunity here on Ys1? Use stop <YFs1.

Amazon H&S top at Yr4

Amazon stock (AMZN) is making a weekly H&S pattern at the Yearly Yr4 pivot point. That is usually a sell signal. Reduce or hedge risk, imo.

CGC possible IHS breakout soon

Canopy stock (CGC) is making a long term Inverted H&S pattern. The neckline is around $21. PivotalPivots traders have been long since $10.38(YCL3). Perhaps CGC to the Yearly pivot(YP) @ $29 by the end of this year.

Investment grade corporate bonds LQD @ Yr1 support

LQD last quarter, the Qr1 pivot point was strong resistance. This quarter, the QP should be strong resistance. Key support is Yr1. 10-8-2020

INTC near 1st. profit target at YP

Intel stock (INTC) take some(1/3 or 1/2) profits off at the Qr1&YP @ $53-$54. YFs1 to the YP = textbook trade at PivotalPivots.

Gold look for $1757 by EOY

I am looking for Gold futures (GC_F) to come down to $1757(Yr2) by the end of this year.

Semi's SMH Yr2-Yr1

Semiconductor's ETF (SMH) - look for strong resistance again at the Yearly R2 pivot @ $184. Key support is on Yr1 @ $162.73. A weekly close <Yr1, opens the door for the Yearly Pivot(YP) @ $122.50.

Home Builders rally near resistance

The homebuilders index (XHB) is near strong resistance at the Yearly R2 Pivot point. The Ys2 pivot pivot was the low this year, perhaps Yr2 will be the high? Imo, take some profits off soon on the homebuilders.

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