Big buying opportunity
September 10th, 2020
⏰ 1 minute read
⏰ 1 minute read
Dow v Corona
Yesterday we wrote as markets fell, that there should be support from the rising percent of coronavirus recoveries. This indicator gave us a buy signal at the March 22nd low & this week was the third signal since then (1 every 2 months!). Last night the Dow bounced perfectly off the line. So what about Indonesia which fell -4% today?
Corona Indonesia
The global coronavirus recovery rate which we have used to correlate with the Dow is at 72%. Here in Indonesia, the same measure has quickly reached 72% too. In Jakarta, the recovery rate is higher as things started earlier here, & has now reached 75%. Even as our cases have recently increased, the recovery rate has remained steady at 72%.
JCI
If we measure our JCI index performance against the national coronavirus recovery rate, it also gave a great buy signal on March 23rd & then gave two more in May & July. In the most recent rally towards 5,400 the JCI didn’t quite catch up & now we are well below. This is a very big buy signal indeed!
Top 3
But, you might say, we are now seeing higher cases, won’t that make stocks fall? If we look at the experiences of others, this can give us more confidence. The three markets with the most coronavirus cases, the US, India & Brazil of which Brazil is the smallest at 4m... also have the best performing stock markets in the world.
Picks
The Dow with 6.5m cases is back at 28,000 +70% the last 5 years. India with 4.5m cases (80,000 a day), is +52% & Brazil with 4.1m cases is +120%. The JCI is only up 12% & so is an even bigger opportunity. Our indicator is flashing a buy signal & we have lots of great stocks to choose from.
Yesterday we wrote as markets fell, that there should be support from the rising percent of coronavirus recoveries. This indicator gave us a buy signal at the March 22nd low & this week was the third signal since then (1 every 2 months!). Last night the Dow bounced perfectly off the line. So what about Indonesia which fell -4% today?
Corona Indonesia
The global coronavirus recovery rate which we have used to correlate with the Dow is at 72%. Here in Indonesia, the same measure has quickly reached 72% too. In Jakarta, the recovery rate is higher as things started earlier here, & has now reached 75%. Even as our cases have recently increased, the recovery rate has remained steady at 72%.
JCI
If we measure our JCI index performance against the national coronavirus recovery rate, it also gave a great buy signal on March 23rd & then gave two more in May & July. In the most recent rally towards 5,400 the JCI didn’t quite catch up & now we are well below. This is a very big buy signal indeed!
Top 3
But, you might say, we are now seeing higher cases, won’t that make stocks fall? If we look at the experiences of others, this can give us more confidence. The three markets with the most coronavirus cases, the US, India & Brazil of which Brazil is the smallest at 4m... also have the best performing stock markets in the world.
Picks
The Dow with 6.5m cases is back at 28,000 +70% the last 5 years. India with 4.5m cases (80,000 a day), is +52% & Brazil with 4.1m cases is +120%. The JCI is only up 12% & so is an even bigger opportunity. Our indicator is flashing a buy signal & we have lots of great stocks to choose from.
Now you need to know which stock to buy.. Sharpfokus Saham, our 100 stock research is here
