by Gary S. Morrow | Oct 16, 2018 | Chart of the Day, Commentary
Not a taxing problem… Feds Collect Record Individual Income Taxes in FY 2018; Still Run $779B Deficit The lede: The federal government collected a record $1,683,537,000,000 in individual income taxes in fiscal 2018 (October 2017 through September...
by Gary S. Morrow | Oct 15, 2018 | Chart of the Day, Charts, Options
American Airlines ended last week with a seven day losing streak. Over the last eleven sessions AAL has managed one gain. Today shares are beginning to lift after returning to oversold territory. At this morning’s early low the stock was down nearly 30% from...
by Doug McKay | Oct 15, 2018 | Chart of the Day
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by Gary S. Morrow | Oct 14, 2018 | Chart of the Day, Charts
The TNX(CBOE 10-Year Treasury Yield Index)is bumping up against major resistance and is extremely overbought. And there’s this: Stocks Versus Bonds It’s quite likely October will continue to be a rough month for stocks. Bonds are set up for a huge...
by Gary S. Morrow | Oct 12, 2018 | Chart of the Day, Charts, Market Update, Options
Applied Materials has had a rough go since the mid March highs. After putting in lower monthly highs in mid April and mid May the stock took a nasty post earnings spill(-8.25%)on May 18th. AMAT mounted a slight rebound before turning lower in early June after...
by Doug McKay | Oct 11, 2018 | Chart of the Day
That’s a nice move above resistance on a Daily Chart. Support 1196 area. Resistance...
