There’s Only One

There’s Only One

Out of the following ten Equity Index ETF’s, $DIA is only one trading above its flat/declining 200 day moving average. $DIA, $SPY, $QQQ, $IJS, $IWM, $OIH, $XLE, $XLF, $SMH, $VTI The $XLP and the $XLU are trading above both their 50 and 200 day moving averages,...
Costco’s Rebound Gains Traction

Costco’s Rebound Gains Traction

Shares of major retailer Costco have been recovering nicely since a nasty drop back on Oct. 26th.  The stock fell over 3.5% that day after beginning the session with a downside gap.  This ugly breakdown drove $COST down to key support near the post earnings low. ...
Back To Back

Back To Back

Great stuff here from Bespoke on the continued strength in the services sector:  The ISM Services report for the month of October declined less than expected, falling from 61.6 down to 60.3 compared to expectations for a reading of 59.0. Even though the pace of growth...