In the SPAC arena, the business combination announcement is the “holy grail” of the trade 90 percent of the time. We seek to set up our portfolio to capture the often-unexpected news. Prior to the open this morning, I was positioned in Legacy Acquisition Corp (LGC, LGC.WS) as part of my ongoing pursuit of combining …
Current news and articles
In the ensuing debate on investment decisions and where to allocate ones’ resources, I want to showcase the advantages and disadvantages of how mildly different portfolio allocations can make a significant difference in the return you will see on your investments…. I must preface the following content with a summary of the current analyst material that you will readily find at a mere mention of the acronym SPAC in any search engine. The flood of content is typically related to an individual company specifically and/or an article that seeks to gain page views for a myriad of reasons.
Chris joins Jim Goddard from the Goddard Report to talk about the upside potential for gold miners. Traders and investors seem bored with stocks so other sectors are picking up. Chris reviews sectors that are coming to life, like real estate and biotech, as well as those in a bearish pattern like crude, the energy sector as a whole. and bitcoin.
Hennessy Capital Acquisition Corp. IV is one of over 100 SPAC’s currently trading and in our stock warrants database. The shares trade on the NASDAQ under the symbol, HCAC, and the warrants as HCACW. They have seen explosive activity and growth over the last few months and at the time of this writing are continuing their parabolic upward trend with an above average volume and liquidity.
RESEARCH HIGHLIGHTS: Gold Pennant/Flag formation is now complete and setting up new momentum base near $1,925. Our Adaptive Fibonacci Models suggest support will prompt new Gold rally to $2,250. The rally in Gold will continue to extend higher over the next 4+ weeks. The US Dollar may move lower and/or the US stock market may …
Although our modeling systems have recently switched into Bullish Trending mode, we are still very cautious of a Bull Trap pattern.
Bearish technical divergences between price and RSI with an election 50+ days away indicates market weakness and money rotating out of FAANG stocks. FAANGs are at make or break levels
Wrapping UP **the examples and commentary given are for informational purposes only and as with any investment decisions you are encouraged to do your own due diligence and consult your licensed investment advisor** Return to the first part of this article series if any of the terminology or discussion in parts of this series needs …