GE

RY out at $35, GE out at $9.75, C at $1.65

Hamilton

RY March 12

As stated a few days ago, we expect  at least  an a-b-c up, either as a correction ( a bull correction in a bear market) or we are witnessing a real bull market that will continue beyond where c=a. The problem is we do not know so it is better to get out and wait for the next train. Same for GE that hit $9.78. Assuming it was bought between 8 and 7, for an average of 7.50 your return is about 30%( where you should sell) On RY the buy (second time) was at $26 so the return would have been 34%, but since we sell at 30% that is all there is. Idem ditto for C.

GE again, I own it.

Hamilton

GE MSN March 11

We do not know if we are in a bull market, even so a correction would have at least two up-legs with a pause in between which we do not have! So the correction may be bigger or we have a bull move; in either case we would start of with 5 waves up. Using the gap in the middle theory we should get to $9.75, so I would sell at $ 9.50 and see what happens thereafter.

GE update March 11

Hamilton

GE march 11

If you own GE (you should as it traded well under $7/8 ) where to sell. Moving average (50-day) and trend-line are around $12. $10 would give you the proverbial 30%. The opening indication is just above $9 but the RSI is nowhere near the 50%= level that it typically returns to. On previous occasions it managed to do about $7 so from a low of $5.88 that would put it again at $12/$13.

By the way, GE might as well be a bank, see below correlation with S&P Financials

ge s&p fin

GE update March 3/4

Hamilton

Ge march3

With a low at $6.85 intraday and closing on $7, the lower end of the suggested range, this is now a buy IMO at say $6.50. Yes they did not act very truthful in saying that they would not cut the dividend but that is in the nature of the business, sometimes it works like a charm think TRP ten years or so ago.  at around $6 two trend lines run from different channels and  as they say “De Wall keert het schip”. There is that “wall” again : freely translated it means that if you  (the boat in the channel) hit the wall you will change direction. At 1/10 of the peak value, lets hope so.