PNC Powers Higher

PNC Powers Higher

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...
Pharma Fading

Pharma Fading

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...
Freeport-McMoran Update

Freeport-McMoran Update

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...
Wells Wobbly

Wells Wobbly

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...