by Gary S. Morrow | Apr 12, 2019 | Chart of the Day, Charts
Big day for PNC financial, well, actually a huge day for financials/banks in general. Then there was Wells Fargo… PNC closed out the week with an earnings driven 3% gain on very heavy trade. This powerful breakout drove the stock past its declining 200 day for...
by Gary S. Morrow | Apr 12, 2019 | Chart of the Day, Charts
The PPH(VanEck Vectors Pharmaceuticals) is heading for its lowest weekly close since late January. The index has pierced a key trendline as overhead pressure intensifies. We expect more downside in the near term. Top five PPH holdings: Abbvie Inc(ABBV/5.3%) Novo...
by Doug McKay | Apr 11, 2019 | Chart of the Day
...
by Gary S. Morrow | Apr 11, 2019 | Chart of the Day, Charts
The longest streak ever… Hat tip...
by Gary S. Morrow | Apr 10, 2019 | Chart of the Day, Charts
FCX is setting up well for a fresh rally leg. Heading for 2nd straight weekly close above the 200 day moving average(last time this happened-late July). Declining 50 day moving average provided heavy resistance following the August 1st breakdown. Upward sloping 50...
by Gary S. Morrow | Apr 10, 2019 | Chart of the Day, Charts
Shares of Wells Fargo are weak ahead of Friday’s earnings report. The stock is off 1.4% at mid day and is now trading below the March and initial April lows. A close below the $47.50 area would mark WFC’s lowest close since January 3rd. This heavy...
