Bank of New York Update

Bank of New York Update

BK has been consolidating in a narrow bull flag for the last three weeks. Today shares are moving past last week’s high as an upward resolution is taking place. A close above the December peak($51.40) could spark a fresh rally leg. Initial target=$52.75(massive...
Leave, Now

Leave, Now

What do the top 3 loser states have in common? For starters, a one party government which translates into zero policy changes. More from Zerohedge.com: New York leads all U.S. metro areas as the largest net loser with 277 people moving every day — more than...
Only a Trillion

Only a Trillion

Close up U.S. Companies’ Repatriated Cash Hits $1 Trillion Under Tax Law. The lede: “Corporations have brought back more than $1 trillion of overseas profits to the U.S. since Congress overhauled the international tax system and prodded companies to...
Muddled Microsoft

Muddled Microsoft

Ahead of tonight’s earnings report shares of Microsoft remain range bound. Shortly after reaching new all time highs in early June MSFT began to consolidate in a narrow range. There have been numerous breakout attempts but none have been able to convincingly...
Tesla Time?

Tesla Time?

Tesla action is turning more bullish. Tesla has been trading in a narrowing range since an ugly post earnings breakdown back in late July. The July 25th flush followed a powerful rebound off major support near the $180.00 area. Of late TSLA has been outperforming the...