Room To Run?

Room To Run?

It may very well be that the current rally off the Christmas week lows has plenty of room to run.  The year after a mid-term year puts in its low the S&P 500 Index is up an average of 32%.  Since the Christmas week lows last year the S&P 500 is up 17%.  Are...
Qualcomm Lifting

Qualcomm Lifting

Shares of Qualcomm are trading at new February highs today.  The stock is up 2.3% and is headed for a close above last week’s high. Highlights:  QCOM fell to within $1.00 of a major support zone(2017/2018 lows) following a nasty breakdown on Jan....
Gaining Confidence?

Gaining Confidence?

Gallup Poll Highlights: 69% expect their financial situation to improve over the next year Optimism about finances over the next year is almost at a record-high level 50% say they are in better shape financially than a year ago The lede: The 69% saying they expect to...
Conagra Bottoming?

Conagra Bottoming?

A very solid little base has been forming in shares of Conagra.  At the December lows the stock was down nearly 50% from the 2018 peak.  CAG posted its lowest weekly close since Q3 of 2012 in December.  The stock was also at its steepest oversold reading since 2000 at...
Caution With HP Inc.

Caution With HP Inc.

HPQ is bumping up against heavy resistance as the new week begins.  The stock is up over 20% from the Christmas week lows. At the December lows the stock reached an oversold reading not seen since 2011(daily MACD). In mid December HPQ experienced a 50/200 day moving...