Honestly i do not like what i am seeing right now on many fronts.
President Trump is unable to keep his close friends 'close' to him as in the different councils he had organized himself and this could put his 'huge' plans on the side line for some time.
Amazon (AMZN) continues to scare most of the retailers except WallMart and Best Buy and even then is unable to stay above the 1000$ bracket.
Alphabet (GOOGL) still have difficulties with advertising cost going higher
Car makers (Ford in particular) are in trouble for sales being only correct nothing more but valued way above the 'correct' level
And i could continue with geo political events unclear to which direction they will go to......
All together, i only see a couple of winners at this time and it is gold, silver and oil.
Gold because by itself it is a safe heaven (by the way stay away from Bitcoin as it could get slammed) and silver because China being a great consumer and there economy is still running smoothly.
Oil has always been on the rise when conflicts appears and actually there is one major one not really taken into account and that is Venezuela.
So at this time, it would be wise to get some profit off the table and turn some of them into gold.
I expect a severe market corrections on all tech companies and this could lead to a flash crash by a domino effect.
Have a great week-end all.
President Trump is unable to keep his close friends 'close' to him as in the different councils he had organized himself and this could put his 'huge' plans on the side line for some time.
Amazon (AMZN) continues to scare most of the retailers except WallMart and Best Buy and even then is unable to stay above the 1000$ bracket.
Alphabet (GOOGL) still have difficulties with advertising cost going higher
Car makers (Ford in particular) are in trouble for sales being only correct nothing more but valued way above the 'correct' level
And i could continue with geo political events unclear to which direction they will go to......
All together, i only see a couple of winners at this time and it is gold, silver and oil.
Gold because by itself it is a safe heaven (by the way stay away from Bitcoin as it could get slammed) and silver because China being a great consumer and there economy is still running smoothly.
Oil has always been on the rise when conflicts appears and actually there is one major one not really taken into account and that is Venezuela.
So at this time, it would be wise to get some profit off the table and turn some of them into gold.
I expect a severe market corrections on all tech companies and this could lead to a flash crash by a domino effect.
Have a great week-end all.
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