The Big Swing, Part 2

The Big Swing, Part 2

So far in 2019 all major asset classes are in the green for the year.  At the end of 2018 only one of the fifteen closed the year in the green, cash.  ICYMI:  The Big Swing, Part 1:   thisweekonwallstreet.com Hat tip Charlie...
CL Update

CL Update

CL is setting up well for a fresh rally leg.  Pierced key overhead trendline(links Sept/Dec highs) in late January. Very solid support underneath($63-$64).  Heading for second straight weekly close above the 200 day moving average.  Would be first time since January...
GM Faltering

GM Faltering

GM’s powerful earnings driven breakout yesterday appears to have failed.  The stock blew through a key overhead trendline(linked July/Dec/Jan highs) on Wednesday with a huge upside gap.  By the close it appeared the breakout had lost a bit of steam.  Today the...
3M Update

3M Update

Will the 200 day moving average finally give way?  MMM is attempting to put some distance on this extremely heavy resistance area.  The declining 200D has capped the last five monthly highs.  MMM has not closed consecutive days above the 200D since March of last...