Select Page
Apple Plan

Apple Plan

by | Sep 18, 2020 | Chart of the Day, Commentary

Apple left behind an ugly spike high back on September 2nd.  Post earnings(7/30):  https://fortune.com/2020/07/30/apple-earnings-q2-2020-aapl-stock-shares-all-time-high-results-iphone/, the stock was on a tear.  AAPL opened the 9/2 session with its 3rd straight upside...
US Steel Surging

US Steel Surging

by | Sep 17, 2020 | Chart of the Day, Commentary

US Steel is surging today.  The stock is up over 8% on its heaviest upside trade since mid July.  This powerful move has driven shares past the August and July highs.  X posted its lowest close since mid April back on July 31st.  Earnings were released the day before:...
S&P 100 Index

S&P 100 Index

by | Sep 17, 2020 | Chart of the Day, Commentary

The S&P 100 Index($OEX) has not closed out a week below the 50D moving average since April 9th.  May happen this week.  A very solid support zone is just below.  The $1522 to $1514 area marks the February peak as well as the multi week July highs.  Keep an eye on...
Amazon Update

Amazon Update

by | Sep 17, 2020 | Chart of the Day, Commentary

Heading lower…overhead pressure is intense.  Divergent MACD high in place.  50 day moving average no longer supportive, rolling over.   Downside target=$2850.00-$2900.00.  This area is marked by the June high as well as the 1/3 retrace of 2020 range.  We are...
Texas Instruments

Texas Instruments

by | Sep 17, 2020 | Chart of the Day, Commentary

Shares of Texas Instruments have given back very little of the powerful gain off the March lows.  At the early September high TXN was up 60% from the 2020 lows.  The stock stalled after re testing the January 2020 highs in June and again in mid July.  In August TXN...