Groundhog Day 2/2/22

Feb 3, 2022

Today on Groundhog Day 2/2/22 Punxsutawney Phil predicted 6 more weeks of Winter weather instead of early Spring weather. So, what does that have to do with the stock market? Absolutely nothing. But it is a good segue into a possible renewable energy rotation from fossil fuel energy by March. Winter officially started on December 21st and it ends on March 20th. This is a seasonal trend If you want to plan some longer-term trades ahead of time. Here's 4 renewable energy tickers & 4 fossil fuel energy tickers comparison chart. As you can see there's a clear divergence once Winter officially began on the Calendar. And by Spring going into the Summer, they will converge. Yes, I know very well about the current macroeconomic factors such as gas price inflation worries, but the FOMC interest rate hike in March has begun to quell that.

fossil fuel energy:
XOM
MRO
EOG
CVX

renewable energy:
SEDG
ENPH
NEE
FSLR

Do your own due diligence, your risk is 100% your responsibility. This is for educational and entertainment purposes only. You win some or you learn some. Consider being charitable with some of your profit to help humankind. Good luck and happy trading friends...

*3x lucky 7s of trading*

7pt Trading compass:
Price action, entry/exit
Volume average/direction
Trend, patterns, momentum
Newsworthy current events
Revenue
Earnings
Balance sheet

7 Common mistakes:
+5% portfolio trades, capital risk management
Beware of analyst's motives
Emotions & Opinions
FOMO : bad timing, the market is ruthless, be shrewd
Lack of planning & discipline
Forgetting restraint
Obdurate repetitive errors, no adaptation

7 Important tools:
Trading View app!, Brokerage UI
Accurate indicators & settings
Wide screen monitor/s
Trading log (pencil & graph paper)
Big, organized desk
Reading books, playing chess
Sorted watch-list

Checkout my indicators:
Fibonacci VIP - volume
Fibonacci MA7 - price
pi RSI - trend momentum
TTC - trend channel
AlertiT - notification
tickerTracker - MFI Oscillator
tradingview.com/u/growerik/