by Doug McKay | Apr 3, 2020 | Chart of the Day
All time low yesterday in the Nat Gas ETF. Possible bottom fish trade.
by Gary S. Morrow | Apr 3, 2020 | Chart of the Day, Market Update
Based on the Jobless Claims data over the last two weeks this morning’s dismal Employment numbers should not be a surprise. From Bespoke: Today’s jobs number was the eighth largest decline on record in the data going back to early 1939. The last time...
by Gary S. Morrow | Apr 2, 2020 | Chart of the Day, Commentary
Shares of WM were down over 30% at last week’s low. This sharp decline pushed the stock’s weekly MACD to its lowest level since early 2000. WM is now testing a major support zone. The $87.00-$90.00 area includes the 2018 highs, the 40 week moving...
by Gary S. Morrow | Apr 2, 2020 | Chart of the Day
Absolute carnage in the weekly jobless claims numbers. After a record print last week, it doubled this week. Hat tip Bespoke Research
by Gary S. Morrow | Apr 2, 2020 | Author Commentary, Chart of the Day
Price to Book ratios this low have occurred near major bottoms in the past, 2002 and 2008. Price to Book explained: The P/B ratio reflects the value that market participants attach to a company’s equity relative to the book value of its equity. A stock’s...
by Doug McKay | Apr 2, 2020 | Chart of the Day
Carving out a bottom with a floor at 20?
