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Monday, May 17, 2021

Supply chain having trouble in keeping up

      From the chip shortage now to the increase in prices on lumber with many nations working on getting the economy back on track.     The same time last year the average price on lumber was at $333 and now has jumped by 406 percent to $1686.     Even the the US stocks market boards have fallen it is not showing that much of a drop upon the Relative Strength Index.      After the DOW has closed the Relative Strength Index was at 56.03 percent.      Even though the MACDs are still giving momentum with the positive blue line still tracking its way upward and should drive the DOW up from today's closing 5/17/21.

      Now with a slight drop upon the Relative Strength Index on the NASDAQ showing it at 44.06 percent and the MACDs positive blue line still pushing the momentum upward for the stock board.

      The same thing is showing on the S & P 500 stock market board with the Relative Strength Index only dropping slightly down to 53.18 percent.      The momentum is showing that the positive blue line on the MACDs are heading up on all three of the US major stock boards.      The dollar is edging closer to its 52 week low of $89.21 and being .98 cents away with it closing at $90.19.      The Relative Strength Index on the US dollar is at 38.11 percent and the MACDs are showing a slight push on the negative red line still bring the dollar further down.       We were able to make a small gain on our investments of $5.16 today, here is that article on the increase on lumber: Should Joe Biden worry about soaring lumber prices.

       Dollar opens with it climbing going into Tuesday morning with it at its highest peak so far of $90.20 at 5:14 pm PST.     Here are the stock futures: DOW is up by $75.00, the S & P 500 is up by $6.75 and the NASDAQ is up by $28.75 at 5:17 pm PST.     The US dollar has dropped back down to the lowest point after it opening up going into Tuesday morning at $90.16 at 5:32 pm PST.      Here is another update on the stock futures: DOW is up by $91.00, the S & P 500 is by $8.00 and the NASDAQ is up by $37.50 at 5:34 pm PST.    Right now waiting to hear back from my girlfriend Elizabeth after she had flew out the Boston, MA for her uncle's burial services.    Well need to work on her birthday card and finish up the artwork on it before this coming Saturday when she turns 42 years old.

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