Alcoa Deserves A Look

Alcoa Deserves A Look

At the December lows shares of Alcoa were off 60% from the 2018 highs driving the weekly MACD to oversold levels not seen since late 2009.  The stock had been working on its fourth straight lower monthly low and its 8th straight lower monthly high since leaving behind...
Micron Turning Higher

Micron Turning Higher

Micron(+6%) is beginning to show some life.  At last month’s low, which marked the the lowest close since the summer of 2017, $MU tested its 40 week moving average.  This key long time indicator has not been tested since December of 2016.  More:  At last...
R2K Update

R2K Update

Time to re up those Russell 2000 hedges?  $TWM has retraced 50% of the entire rally off the 2018 lows.  The $18.25 to $17.95 area represents a solid support zone.  This area is marked by the March/April/October highs near the upper band.  The November high marks the...
AGG Update

AGG Update

Bonds return to trendline support.  The $AGG(iShares Barclays Aggregate Bond Fund) has backed off a bit since last week’s powerful surge.  The index is sitting just above initial support now.  This area runs from $106.50 to...
Nine And Done?

Nine And Done?

The Federal Reserve recently hiked rates for the ninth time since the current tightening cycle began in Q4 of 2015.  Expectations had been for a total of four hikes in 2019 but that view has changed dramatically.  Tighter financial conditions created a big jump in...