by Gary S. Morrow | Nov 14, 2019 | Chart of the Day, Commentary
Downside momentum appears to be easing. Back on November 4th shares of UAA were hit hard following a disappointing Q3 earnings report: https://investorplace.com/2019/11/under-armour-earnings-hammer-ua-stock/?mod=mw_quote_news. The stock began the session with a huge...
by Gary S. Morrow | Nov 13, 2019 | Chart of the Day, Commentary
We highlighted the DBA(Invesco DB Agriculture ETF) earlier today: https://twitter.com/GarySMorrow/status/1194636667904118787 Hat tip Jesse Felder
by Gary S. Morrow | Nov 11, 2019 | Chart of the Day, Commentary
IBM has been consolidating in a bear flag since its ugly post earnings breakdown back on October 18th. A close below $134.00 would drop Big Blue to new November lows. With the 200 day moving average now providing overhead pressure we expect a break of this level to...
by Gary S. Morrow | Nov 11, 2019 | Chart of the Day, Commentary
As usual, great stuff from Ryan Detrick of LPL Research: Copper relative to gold is near past major lows. This has coincided with major lows in the 10-year yield.
by Gary S. Morrow | Nov 7, 2019 | Chart of the Day, Commentary
Costco is heading for its best close of 2019. COST has been moving steadily higher since its October 4th low. At today’s peak the stock is up just shy of 9% since reporting its Q4 results. COST is beginning to pierce a key overhead trendline that has capped the...
by Gary S. Morrow | Nov 4, 2019 | Chart of the Day, Commentary
OXY rallying nicely ahead of tonight’s Q3 release. Shares of OXY are up 4.6% in the early going and are heading for the best close since Sept. 30th. This powerful move is driving the stock through a key overhead trendline that links the August/September highs....
