Stock Market Insights… Mr. Ham Says Watch Plant Stocks

Michele Schneider

Before I begin, here is the video I made when I met Mr. Ham.

He (and his friend Scruffy) are hard to resist.

The takeaway from the research I have done on Feng Shui predictions, have been both auspicious and ominous.

One of the auspicious predictions has been investments related to plants.

Pot is a plant. But so are agriculturals. Wheat, corn, soybeans, coffee and sugar have been languishing for years.

I focused on one specific plant in my recent interview with RealVision. The pick may surprise you.  Click here to watch.

Also, if you would like to hear more on the auspicious and ominous potential setups for this Year of the Earth Pig:  Please join me later today at 7 PM EST for a free webinar on Building Your Wealth in Bull and Bear Markets.

We will be done in time for the State of The Union address. This webinar will help you prepare for the next moves.

S&P 500 (SPY) – 271-272.65 now the pivotal support. 273.92 is the 200-DMA resistance

Russell 2000 (IWM) – 150 pivotal support to hold. 151.25 pivotal resistance

Dow Jones Industrials (DIA) – 249.85 the 200-DMA a good pivotal point to watch. 254 resistance

Nasdaq (QQQ) – 170.15 now pivotal support

KRE (Regional Banks) – 53.19 pivotal support 55 resistance

SMH (Semiconductors) – November high before the crash was 99.13. Today’s high 99.22. 97.25 now key weekly support to hold

IYT (Transportation) – 180.59 support to hold 187.65 resistance overhead.

IBB (Biotechnology) – 109.92 the 50-WMA and now pivotal

XRT (Retail) – Cleared the 200-Week MA today-that makes 44.60 pivotal for the week with some resistance at 45

Twitter:  @marketminute

The authors may have a position in the mentioned securities at the time of publication. Any opinions expressed herein are solely those of the author, and do not in any way represent the views or opinions of any other person or entity.

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