The Two Towers!!, Latest December update, INC, charthi all, well December is here and now fire works begin come Monday as we see where these markets go. Right now we need to look at our tools and see the facts. If we look at all the headlines about Gold, Silver. Nasdaq, Dow or even tech stocks like Nvidia. We might as well listen to a used car salesman and listen to all the opinions. Lets start off by looking at the US Buffet Indicator and where is the number now? Why or is Buffet in cash? Hmmm? Well the number right now is high and we are at 207.4% and i did state 210% as a target. see the link...
https://en.macromicro.me/charts/406/us-buffet-index-gspc Now, the Fed watch and Canada as we are about to see December 11th what is going to happen with rates. Does the BOC cut rates again? If so watch the bank stocks as we all know lower rates better for the banks and this means more financing and cash velocity. As for the Fed watch whatever Canada does i would say come December 17th we will see. Here is the link on the CME Fedwatch and so far we are seeing a rate cut again in the US for a 66% vote for another .25 bassis point cut. Watch Goldman Sachs stock also. see the link for the latest update
https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html The most important website is the Fear and Greed Index and we are in GREEN for Greed!! All the factors are pointing to a big month in December. There is only one FEAR pointed out and that is the measure of the "stock price breadth" we are in fear. see the link and be ready for December..
https://www.cnn.com/markets/fear-and-greed Next is civilian unemployment numbers and we are going lower. Is this positive for the US that many more Americans are working? December is here and that is bullish as the holiday season many business need help and hire people. see link for the facts.....
https://www.bls.gov/charts/employment-situation/civilian-unemployment-rate.htm Now its time we look at INC stock and this is a major post as i have decided to go back in time to look at the charts. Why did we see a lot of volume in the past month or two? Why is this stock behind in the share price compared to all other stocks unless you bought in the major lows last 52 weeks. Right now its all about the banks and this stock is prepped with the best of them. All i can say is i purchased this stock back in 2020 and watch how quickly one day the share price moved. It was ridiculous as to how fast your portfolio can move. There was one time i wish i bought all of it under $8 a share, one time and watched the stock go to $18 in a matter of few months from a low of $9. Right now we are at $8.99 a share and ready to make a move higher. With only 2million share outstanding and around 3million floating it is hard to buy this stock as the share price is quickly making a jump higher. At times you can see very little orders in volume as the price spikes in some cases to $16 a share with only 10 trades. For now look at this chart over the past 10 years and you will see the two towers! It is so bullish and a perfect stock move higher as this stock is so behind. Remember the dividend is nothing to look at as the VWAP is on the last 3 trading days so be careful not to stay focused on the dividend. The share price and where this stock can do in one trade at any time of the day can move much higher. I will go on record if all goes well when Trump takes offce next year a $25 dollar target into 2025!! This chart is starting to make its move and reminds me of the Gold price everytime we tried to push thru $2000 an ounce. So here is the chart below on INC and who knows where we might go in December as i had a modest target of $10 a share to start. see below chart..
Just for fun here is the video from the movie lord of the rings two towers and watch how the army comes together to push forward. As i believe this stock INC will do the same with those big institions that have the stock! Goldman Sachs is the largest holding in INC and that means a lot.
here is the latest level2 bid vs ask on INC, the share price is an eye opener to higher moves...
Level 2 Quote
Level two quotes - Bid | Number of Shares | Bid Price |
| 400 shares | 400 | 8.910 |
| 1,200 shares | 1,200 | 8.900 |
| 200 shares | 200 | 8.890 |
| 1,000 shares | 1,000 | 8.850 |
| 200 shares | 200 | 8.730 |
| 20,000 shares | 20,000 | 8.630 |
| 2,000 shares | 2,000 | 8.430 |
| 100 shares | 100 | 8.330 |
| 500 shares | 500 | 8.000 |
| 100 shares | 100 | 7.950 |
| 3,000 shares | 3,000 | 7.900 |
| 5,000 shares | 5,000 | 7.860 |
| 200 shares | 200 | 7.770 |
| 500 shares | 500 | 7.600 |
| 1,600 shares | 1,600 | 7.560 |
Level two quotes - Ask | Ask Price | Number of Shares |
| 9.350 | 1,500 | 1,500 shares |
| 9.600 | 200 | 200 shares |
| 9.750 | 1,000 | 1,000 shares |
| 9.840 | 500 | 500 shares |
| 9.980 | 900 | 900 shares |
| 10.500 | 300 | 300 shares |
| 11.300 | 300 | 300 shares |
| 11.500 | 400 | 400 shares |
| 12.000 | 2,100 | 2,100 shares |
| 12.600 | 200 | 200 shares |
| 13.000 | 600 | 600 shares |
| 13.350 | 100 | 100 shares |
| 13.800 | 1,700 | 1,700 shares |
| 14.350 | 200 | 200 shares |
| 15.000 | 100 | 100 shares |
| 15.460 | 300 | 300 shares |
| 15.850 | 200 | 200 shares |
| 16.000 | 7,500 | |