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Lockheed Lifting

Lockheed Lifting

Lockheed Martin has been trading in a narrow range since mid July.  This tight action has been hemmed in by a damaging breakdown gap left behind back on June 11.  A fresh rally leg may be on the way.  Solid support is developing underneath as the 50 and 200 day moving...
Citigroup Sinking

Citigroup Sinking

Shares of Citigroup are under pressure again this morning.  Yesterday the stock took a damaging hit following negative regulatory news: https://seekingalpha.com/news/3613808-citigroup-to-get-regulatory-reprimand-shares-sink-5?mod=mw_quote_news.  C finished the day...
The FANG Index Returns To Neutral

The FANG Index Returns To Neutral

There are a number of huge names in the FANG Index.  Market leaders in their specific sectors.  Always monitor the influencers. Great stuff from Bespoke:  “All of the stocks in the FANG+ index have moved out of overbought territory and are now neutral or...
Fuel in the Tank

Fuel in the Tank

From Bespoke:  For the week ended September 2nd, flows for the total equity fund industry across both mutual funds and ETFs were in the bottom percentile for both total equity funds and international funds specifically.
Banks Not Budging

Banks Not Budging

The Banking Index is holding up quite well this week.  The BKX(KBW Bank Sector Index) is heading for its best close of the week after putting in three straight higher lows.  While the major indexes were taking out the previous week’s lows this morning, the BKX...
August Jobs Report

August Jobs Report

WASHINGTON (MarketWatch) – The economy regained 1.4 million jobs in August and the unemployment rate fell to 8.4% from 10.2%, the government said Friday. Economists polled by MarketWatch had predicted an increase of 1.2 million jobs. Private-sector payrolls rose...