Almost Zero

Almost Zero

Quite a swing.  Less than four months ago the market was pricing in a 90% chance of a Fed rate hike in 2019.  Those odds are now nearly 0%. Hat tip The Daily Shot...
GE Update

GE Update

Is this a dip to buy?  GE reached new 2019 highs on Tuesday as its post earnings(1/31) breakout began to show signs of exhaustion.  Shares have been drifting since leaving behind a downside reversal that day.  GE will soon fill the powerful earnings driven breakout...
CL Update

CL Update

CL is setting up well for a fresh rally leg.  Pierced key overhead trendline(links Sept/Dec highs) in late January. Very solid support underneath($63-$64).  Heading for second straight weekly close above the 200 day moving average.  Would be first time since January...
GM Faltering

GM Faltering

GM’s powerful earnings driven breakout yesterday appears to have failed.  The stock blew through a key overhead trendline(linked July/Dec/Jan highs) on Wednesday with a huge upside gap.  By the close it appeared the breakout had lost a bit of steam.  Today the...