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Transports Gaining Traction

Transports Gaining Traction

UNP heading for best close since May 22. We highlighted the IYT(iShares Dow Jones Transportation Index) earlier today: https://twitter.com/GarySMorrow/status/1149693784546074625 . The IYT is up 2.2% at mid day as it begins to lift off a very solid support zone. Union...
SPY

SPY

Move stop on a closing basis on 50% of the position to 285 and remaining 50% stays at 280. 1/18 chart – a buy with a close above 250.18.
Pot Burn Out

Pot Burn Out

MJ heading for lowest close since Jan. 10th. Pot has been a problematic investment since the March highs. Following today’s 3.3% drop shares of MJ(ETFMG Alternative Harvest ETF) is now down 25% over the last four months. With overhead pressure building more...
Altria Lifting

Altria Lifting

Altria is working on a higher monthly low. As the week comes to an end shares of MO are beginning to pierce a key overhead trendline. With a little bump in volume the stock could be on its way. A close back below this week’s low($48.00) would be a clear warning...