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Wednesday, March 31, 2021

Seeing that the two out of three major US stock markets were up today and that the dollar was heading into the overbought area yesterday

        Looks like momentum has begun to shift on the US dollar by checking against the MACDs at stock market closing the positive blue line was at +.54, the negative red line was at +.43 with the history line at +.11.      Yesterday the positive blue line was at +.52 and the negative red line was at +.40 with the history line at +.12 on the MACDs      Compared to yesterday the positive blue line went up by only +.02 today and the negative red line went up by +.03.      The Relative Strength Index on the US dollar has gone down to 70.13 percent from yesterday when it was at 71.85 percent.      At the moment the dollar is at $93.22 at 4:53 pm PST, it closed at $93.23, the highest point on the dollar was as highest of $93.44.

        Here is the stock futures: DOW is up by $7.00, the S & P 500 is up by $2.50 and the NASDAQ is up by $24.25 at 4:57 pm PST.      In yesterday's blog we had mentioned about how the US dollar was in the overbought area on the Relative Strength Index and wouldn't be able hold itself up that high and would look to start coming down.     Another drive of stock futures going up would cause the dollar to fall some more and by giving the three major stocks boards to open up on the plus side on Thursday 4/1/21.

       Here is another update on the stock futures: DOW is up by $37.00, S & P is up by $5.00 and the NASDAQ is up by $31.50 at 5:59 pm PST, the dollar is still at $93.22 at 6:00 pm PST.

       While going through our portfolio to check on our investments we have come across this stock that started showing momentum a few days ago on the MACDs.     The name of the stock is called Evoke Pharma Incorporated, symbol is EVOK, on 3/25/21 the history line was at -.08.      Since that point the positive blue line has been gaining ground on the negative red line on the MACDs, today the history line is at -.05.    Soon this stock will be seeing the positive blue line crossing over the negative red as this stock will continue to climb in price.      This stock is only followed by 1 analyst with a 12 month target price of $9.00 dollars a share, today 3/31/21 closing was at $1.83.     When we start up phase II we will be looking to invest another $39 thousand, with our portfolio around 1200 different stocks to review.      Evoke was up today by .06 cents a share, our investments to get Carson Investment Services into phase II soon has gained $179.71.      Here is another update on the stock futures: DOW is down by $34.00, the S & P 500 is down by $0.50 and the NASDAQ is up by $26.00 at 8:29 pm PST, the US dollar had spiked up to $93.25 recently.     The previous spike took the dollar up to $93.23, it has been as lowest of $93.17 since after the stock markets had closed, it is at $93.22 at 8:32 pm PST.

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