by Gary S. Morrow | Dec 9, 2018 | Chart of the Day, Market Update
December has never best the worst month of the year. As of Friday’s close the S&P 500 Index is down 4.6% since the end of November. So far October is the worst month this year(-6.85%). Stay tuned. Hat tip Ryan Detrick...
by Gary S. Morrow | Dec 7, 2018 | Chart of the Day, Charts
Lululemon is suffering its worst loss of 2018 today. Shares are down 10% following last night’s fourth quarter earnings report. $LULU is ending its streak of powerful post earnings breakouts as the week comes to an end. At the November lows $LULU successfully...
by Doug McKay | Dec 7, 2018 | Chart of the Day
Continues to move through...
by Doug McKay | Dec 6, 2018 | Chart of the Day
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by Gary S. Morrow | Dec 6, 2018 | Chart of the Day, Charts
The iShares Small Cap Index ETF($IJS)is trading at new 2018 lows today. Yesterday the index suffered its biggest loss of the year(-4.5%)but was still able to hold above a major support zone. This key area is beginning to give way today. At this morning’s low...
by Gary S. Morrow | Dec 6, 2018 | Chart of the Day, Charts
Higher Rates Matter Shares of RV maker Thor Industries are taking a beating this morning. The stock is off just over 12% following another disappointing earnings report. Today’s sell off has pushed $THO to new 2018 lows as very solid support near the $64.00...
