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Akamai: Breakout Brewing?

Akamai: Breakout Brewing?

by | Jan 15, 2021 | Chart of the Day, Commentary

Akamai Technologies is moving well today.  Shares are up over 3.5% placing it in the top five of the SP 500 gainers list.  This powerful move has driven the stock to new December highs.  We believe AKAM is setting up well for a fresh rally leg.  Back on Oct. 28th AKAM...
Stock Market Fuel

Stock Market Fuel

by | Jan 15, 2021 | Chart of the Day

Money supply growth is through the roof.  A great deal of this money is finding its way into the U.S. stock market.  As they say, don’t fight the Fed.  Hat tip Brian Gilmartin of Trinity Asset Mgmt.   Some color:  The late Marty Zweig is credited with the saying...
Boeing Prepping For Flight?

Boeing Prepping For Flight?

by | Jan 14, 2021 | Chart of the Day, Commentary

Shares of Boeing have been pulling back since early December.  This healthy action followed a powerful 73% rebound off the late October lows.  BA has been tracing out a very narrow bear channel while consolidating the November ramp.  The stock is beginning to pierce...
Okta Update

Okta Update

by | Jan 6, 2021 | Chart of the Day, Commentary

At the December peak shares of OKTA had gained 222% from the March lows.  From early July until early November the stock moved sideways.  OKTA began November well below the summer highs and right in the middle of its previous five month range.  Shares began a fresh...