Salesforce.com Reaches New Highs

Salesforce.com Reaches New Highs

Shares of Salesforce.com are testing all time highs today.  The stock is up 2.8% as it extends its January 7th breakout to a 16% gain.  Since CRM’s last earnings report(11/27) shares are up 25%.  Highlights:   CRM re entered extremely overbought territory(daily...
Almost Zero

Almost Zero

Quite a swing.  Less than four months ago the market was pricing in a 90% chance of a Fed rate hike in 2019.  Those odds are now nearly 0%. Hat tip The Daily Shot...
GE Update

GE Update

Is this a dip to buy?  GE reached new 2019 highs on Tuesday as its post earnings(1/31) breakout began to show signs of exhaustion.  Shares have been drifting since leaving behind a downside reversal that day.  GE will soon fill the powerful earnings driven breakout...
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...