Raytheon Has Been Lagging

Raytheon Has Been Lagging

Shares of RTN has been lagging of late.  While other large defense/aerospace names have been on fire(LMT/NOC) RTN has remained in a very tight range since its ugly post earnings breakdown(4/25).  Is a catch up rally in the cards?   The declining 200D has been...
Intel Update

Intel Update

At today’s lows INTC is down 35% from the April 2019 peak.  The daily MACD indicator has not been this oversold since the Q1/2008 lows.  The $43.50 to $42.00 area held important monthly lows in 2018, most notable was the Christmas week low($43.50).  We...
Semis Slumping

Semis Slumping

hjat Trade fears with China are driving the semiconductor sector lower again today.  Also adding pressure:  Bloomberg News reported Sunday that Xilinx XLNX, -6.53% XLNX, -6.53% and other U.S. chip makers, including Intel Corp INTC, -2.21% Qualcomm...
A Rough May, So Far

A Rough May, So Far

For the first time in the last seven years May is proving to be a rough month.  ‘Sell in May and go away’ seems to be working, finally.  Considering the S&P 500 Index began 2019 with its best first quarter performance since 1987 a healthy pullback in...
Utilities?

Utilities?

The XLU is setting up for a breakout.  A close above $59.00(Mar/Apr highs) could spark quite a run.  Despite remaining near the yearly highs daily MACD has been sitting near neutral for the last four weeks. At time of publication we do not have a position in...
Eli Lilly Looks Attractive

Eli Lilly Looks Attractive

LLY is setting up well for a fresh rally leg.  The stock is sitting just above solid support near its 200D moving average.  Also nearby is the April lows.  We consider LLY a low risk buy near current levels.  A close below $113.00 would be a clear warning sign.  If...