Major indexes ended the year down -10% to -30% for the year. Tables below shows the historical market return and what occurred in the subsequent year. Hopefully this provides some framework of what to expect in 2023. Continue reading
Below is a chart of Tesla Inc. (TSLA) from 2012 to 2022, reflecting Price Momentum data.
We executed the following transaction(s):
There is an underlying technical pattern emerging within the chip sector. One of the most crucial component in chip making is the Lithography process and the leading (or perhaps only) company in this sector is ASML. Anyone wanting to understand the background behind this company can watch this CNBC video call Why The World Relies On ASML For Machines That Print Chips.
With that understanding in mind, chip making is a cyclical business with ups and downs and depended heavily in CapEx from companies such as TSMC, Intel, and Samsung. Our chart review today shows a very simple pattern known as Golden Cross which is when the 50 SMA is crossing above 200 SMA. Although it is consider to be a Bullish indicator, not many have back test this logic and provide some statistics behind it. We’ve done just that and the table below shows the detail.
November was a strong month for the market as the S&P rose 4.6% that pushed up many companies into Buy territory for the Coppock curve. Below are 12 companies this indicator flag as a ‘buy’. Continue reading
Review:
On July 6, 2022, we said the following: Continue reading
The market continued to move upward as the Dow Industrial has risen almost 20% from the low seen in early November. Continue reading
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Below is a chart of Essex Property Trust Inc. (ESS) from 1996 to 2022, reflecting Price Momentum data.
Below is a chart of the S&P 500 for 2022, reflecting Price Momentum data.
Below is a chart of Advance Auto Parts (AAP) from 2003 to 2022, reflecting Price Momentum data.
Below is a chart of Daily Journal (DJCO) from 1988 to 2022, reflecting Price Momentum data.
Below is a chart of Taiwan Semiconductor Manufacturing Co. (TSM) from 1999 to 2022, reflecting Price Momentum data.
Below is a chart of Dow Jones Industrial Average from January 1, 2007 to November 11, 2022, reflecting Price Momentum data.
Below is a chart of Hingham Institution for Savings (HIFS) from 1990 to 2022, reflecting Price Momentum data.
The market continued to make gains and increased nearly 6% for the week. A strong rebound from the one year low pushed many companies away from the low and the number of companies on our watch list shrank to less than 30 companies. Below is the watch list for this week. Continue reading
Posted in Dividend Achiever Watch List, Dividend Achievers, Dividend Watch List
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