Will we get a Santas rally this year?
Well i think we will.
Numbers are great......Trump new fiscal plan seems to be on it's way....oil will get a boost from an extension for the producing cuts and much more
1) Oil will try to break the 60$ limit (WTI) simply because Russia will agree to extend the cuts over March 2018. They are not stupid and they know the higher the better. So, this should be a plus for the oil sector. Remember that on the radar list there is NEG.TO and CHK on nyse. They are highly volatile but could generate the biggest gains.
2) GOLD: It will not be replaced by bitcoins at this time. Expect higher volatility as North Korea continues to be stupid enough to strike new missile launches even if most of the world agrees that it is not acceptable. So gold will goes higher
3) FANG stock will continues to be highly volatile BUT Amazon will lead the pack. I expect Amazon to make some more announcements before year end on some more markets it is not touching yet. They are actually the biggest disturber for retail companies and will continue this way for some time.
4) Potash stock will continue to trade sideline as there is not much new demand and still too much offer (or at least potential offers). EPO.TO will continue to trade sidelined for some time but i still expect this one to gain a lot in 2018.
5) RAD: Poor RAD had enough of troubles in 2017. I still believe that RAD is by far undervalued and way too much oversold. RAD should already be trading in the 3-4$ range but it may takes some time. If results near Christmas time are good, expect a fantastic 2018 beginning.
What else to say, market is not overheating at this time and there is still room for growth. So, 2018 could bring in many more new records as economy stays as it is: in great shape.
Have fun and safe trading
Well i think we will.
Numbers are great......Trump new fiscal plan seems to be on it's way....oil will get a boost from an extension for the producing cuts and much more
1) Oil will try to break the 60$ limit (WTI) simply because Russia will agree to extend the cuts over March 2018. They are not stupid and they know the higher the better. So, this should be a plus for the oil sector. Remember that on the radar list there is NEG.TO and CHK on nyse. They are highly volatile but could generate the biggest gains.
2) GOLD: It will not be replaced by bitcoins at this time. Expect higher volatility as North Korea continues to be stupid enough to strike new missile launches even if most of the world agrees that it is not acceptable. So gold will goes higher
3) FANG stock will continues to be highly volatile BUT Amazon will lead the pack. I expect Amazon to make some more announcements before year end on some more markets it is not touching yet. They are actually the biggest disturber for retail companies and will continue this way for some time.
4) Potash stock will continue to trade sideline as there is not much new demand and still too much offer (or at least potential offers). EPO.TO will continue to trade sidelined for some time but i still expect this one to gain a lot in 2018.
5) RAD: Poor RAD had enough of troubles in 2017. I still believe that RAD is by far undervalued and way too much oversold. RAD should already be trading in the 3-4$ range but it may takes some time. If results near Christmas time are good, expect a fantastic 2018 beginning.
What else to say, market is not overheating at this time and there is still room for growth. So, 2018 could bring in many more new records as economy stays as it is: in great shape.
Have fun and safe trading
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