AssetDesign

AssetDesign Updated 

While election betting sites are coming into the spotlight these days, another way to bet on the upcoming election is through betting on the Mexican economy. Anecdotal evidence indicates that China and even US manufacturing giants are set to build more plants in Mexico should the Harris team win. Trump on the other hand, promises tariffs on items manufactured...

AssetDesign

Silver is in the midst of an apparent A-B-C corrective wave that could fall as low as 22 while still maintaining a long term up channel. Most likely bottom would be around 25 with a C = A relationship. Good time to pick up some physicals as many expect that China demand and a general silver shortage can boost prices to new all time highs. Some are even...

AssetDesign Updated 

The Federal Reserve's aggressive 50 basis point rate cut despite headline inflation numbers coming in mixed resulted in an immediate reaction from the longer term bond yields. With no hope of moderating national debt numbers, no matter which party prevails next month, the consensus seems to be much higher long term rates. Accelerating oil prices and nervousness...

AssetDesign

Reading about the Chinese auto companies this morning and seeing how their cheaper vehicles are bound to dominate. I spend time in Mexico and see the onslaught of cheap Chinese vehicles selling for $18,000. Seems that almost all articles I read mentioning China, I walk away thinking that China is kicking our butt in business progress. Yet the US stock indices...

AssetDesign

Rapid rise to test the highs, and failing, is the long awaited key "failed three day test of the high." I now expect a decline over the next week or two followed by a larger "three week test of the high" Should that fail, then expect an intermediate to long term down cycle. About time. in rarified air up here.

AssetDesign

S&P continues to outpace gold, despite the big runup in gold recently. Momentum is slowin as seen from the Bollinger Band Width chart at the bottom. While the SP seems unstoppable, expect gold to resume its move to much higher prices, forcing the SPX/Gold ratio to regress downwards to the moving average

AssetDesign

After achieving the pinnacle of success during the Covid vaccine era, PFE has struggled to recover from falling vaccine sales. I had considered abandoning my core holdings but on further investigation, I liked what they were doing with their cancer drugs and continued to hold. A hefty dividend, albeit not supported much by earnings, continued also to be an...

AssetDesign

The URA base appears to be a major reverse head and shoulders formation with price projections into the 40s. The move thus far appears to be impulsive with wave 5 targets also shown at the 1 and 1.618 levels. Still appears to be under the radar

AssetDesign Updated 

A Wave 4 50% indicated price would drop to 31.10. Filled at 31.05. Wave 5 should push prices above Wave 3. While I will take some profits around the $40 level, as I did when price hit $33, my initial target, China will be a force going forward so I will maintain a long-term stock position. Thus far, this has been an exceptional trade after initially...

AssetDesign

Despite Fed attempts to juice the economy with interest rate drops, looks like the dollar and the US economy in general is set for some reversion to the mean. Many articles claim that the Fed is bankrupt and as longer term interest rates continue to climb, Bank balance sheets are surely in a perilous condition. ANd that's only what we see. So many other off...

AssetDesign

Precious metals continue to rocket higher and even as Central Banks around the world flock to gold and lighten up on US Dollar exposure, lagging far behind is silver that is still quite a ways from its all time high close to 50. Reverse head and shoulders formations show some possible targets in the 34-35 area but my best speculative bet is that SLV will hit its...

AssetDesign

Interest rates continue to react to "unbelievably seasonally adjusted" economic data. And while one can complain and point out the methodologies, I believe that the markets are smarter than that. I won't predict how high it might go, but anticipate that it will be one of my big winners in 2025.

AssetDesign

For those who had the patience to buy and hold at the major double bottom, China finally gooses the market and FXI is breaking out. Originally targeted 33 but it appears that it could go to the 1,618 fib. Still a long term hold in my book

AssetDesign

Current price rebound struggling at the .328 fib. Failure here leads to probable move down to the next measured move, -0.236 fib, at 497.

AssetDesign

This auto view shows a significant drop to SPY 2250 levels. Good idea to raise cash and sit back waiting for the dust to settle. But have been building a short position at the 5500 level.

AssetDesign Updated 

Could be just a little correction in this larger leg down. A 1 to 1 relationship between the expected wave and the first shows that SPY would find support around 523.

AssetDesign

General Mills has been gaining a bit of strength crossing above it's 20 week moving average. Volatility is dead flat. Transacting a June 25 67.5 buy/write, in addition to a 3.5% dividend results in this play producing in annualized rate of return in excess of 12%. I do this kind of strategy in a qualified account as dividends received in a buy/write...

AssetDesign

Wave B corrected 50% at 556.5 and now wave C begins. If C = A, target 540