Fast forward and major indexes are hitting record after record, with talk of more buying to come in early 2020, alongside trepidation about how much further this rally can go. Of course, there were jitters over the bull market’s staying power last year, and the year before, and the year before…
Onto our chart or charts of the day, which come from StockTwits, a social media network for finance. The site has gathered a few interesting charts that may be instructive on spotting big trends for the next decade as the current one closes out.
First up, a company that has performed better than Netflix
which is a building products manufacturer, are up 4,500% for the decade, just edging past the 4,043% return seen from the streaming giant. That chart is credited to Matthew Timpane, senior market strategist at Schaeffer’s Investment Research.
The company pays a near 2% dividend to boot, and shares are up near 80% year to-date, though the stock seems to have gone sideways over two years. Patience is a virtue with decade winners perhaps.
which includes pre- and post-global financial crash moves. The chart, offered by J.C. Parets of All Star Charts Research, reveals a bullish technical signal for the ETF, referred to an inverse head and shoulders pattern. That could mean a move higher into 2020.
Check out the full blog for more decade-worthy charts.
I feel like most bearish Twitter fails to understand that shorting doesn’t work when the bears are proven right. It works only when bulls admit they were wrong and sell. If bulls know about and/or don’t care about X, it’s a bad trade unless you know exactly when that will change.
This column will return Thursday. Meanwhile, happy holidays and thanks for reading.
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