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Showing posts from June, 2020

Fundamental Analysis: useless in this distorted 2020

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Given the indecipherable fluctuations of the economy during this year, the title of this post reflects one of my feelings about this unusual 2020 stock market. A Q1 quarter where the SP500 falls 20% and the next Q2 turns around and rises the same 20% is surely something we will not experience again in our lives. Thus, it's complicated to make a serious analysisas usual, that is to say, reviewing both fundamentals and technicals details, alike.
Powell and the Fed with its zero interest rate (good decision) and unlimited QE (excessive) are artificially propping up the financial markets, literally destroying the risk in markets, instead of investing for growth, just for trying to hide the US (and global) recession, already foreseen since January and accentuated by the coronavirus. Now we have market indicators at dangerous edges, like the SKEW index (that measures the risk of a black swan, a 20%+ plunge of markets) spiking now above its March levels. Or the Nasdaq Put/Call ratio (40…

My Stock Watchlist for June-July 2020

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On my Thinkorswim trading platform, I manage several watchlists, differentiating them according to the instruments it contains. There are stocks, futures, ETFs, sectors, and indices watchlists. My different ETFs watchlists usually keep the same symbols in time, diversified by sectors, industries, countries, commodities, both at 1X normal speed and 3X triple speed.  My Indices, sectors, and futures watchlists are also fixed, covering the main indexes and commodities from Wall Street and major foreign exchanges, usual symbols well-known by all traders.

Those that do change, usually monthly, are the symbols of my Stock Watchlist, stocks which I follow on a daily basis, due to my own research, that consider both fundamental and technical analysis, news topics, or simply popularity. Over time, it appears in the list new stocks, disappear others, according to the importance they are acquiring, in my opinion.






June-July Watchlist
After three months using hardly my "coronavirus strategy…