Strength Under The Surface

Strength Under The Surface

Despite the broad sell off yesterday fewer stocks made new 52 week lows than at the October lows.  This is a good indication that the October lows will likely hold.   The S&P 500 Index closed Tuesday 100 points above the October lows. More on Tuesday volatile...
Newmont Mining Update

Newmont Mining Update

$NEM(+1.4%) is a top 10 gainer in the S&P 500 Index in the early going.  The stock continues to battle heavy resistance just below $34.00.  Back on mid August the stock, as well as the entire mining sector, suffered a very damaging breakdown.  $NEM fell over 6.3%...
Deere Dropping

Deere Dropping

After yesterday’s big gain shares of $DE are fading this morning.  Deere gained 4.7% on Monday, its best gain since May, after opening the session with a huge upside gap.  Volume was once again very heavy.  Since earnings(11/21)there have now been three days of...
Ingersoll-Rand Update

Ingersoll-Rand Update

$IR is trading at new all time highs today.  The stock is battling heavy resistance near the initial 2018 highs set back in early October.  At the late October lows, which were hit the day before the company’s most recent earnings report, the stock entered...
Not Corny

Not Corny

$CORN popping as the new month begins.  Needs to clear $16.50.  Has room to run.  Close back below $15.70 would violate last week’s lows.  Fairly low risk buy near current levels.  No position in $CORN,...