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Schlumberger Update

Schlumberger Update

Schlumberger began tracing out a narrow consolidation pattern almost immediately after the powerful post earnings surge on January 18th.  The stock has been has been treading water since.  This healthy sideways action appears to be about to give way to a fresh rally...
The Case For Kellogg

The Case For Kellogg

Will the news last week that Kellogg is getting out of the ‘sweets’ business mark an important low in the stock?  Morgan Stanley was positive on the move, we are very positive on the technical pattern. Highlights: At last month’s low K was down 40%...
Overbought

Overbought

The S&P 500 Index is back in ‘overbought’ territory.  It hasn’t been to this level since September of last year.  We expect the overall market action to be rather flat during the upcoming earnings season.   Hat tip Bespoke ...