Gold Update

Gold Update

Is the GLD setting up for a breakout? GLD began to consolidate its powerful rally off the May lows 14 weeks ago. At last months low the GLD had retraced 1/3 of the 2019 range. This key support zone also includes the July peak(mid point of the May rally) as well as the...
Phillip Morris Update

Phillip Morris Update

PM has been consolidating above its 200D moving average since its last earnings report: https://www.marketwatch.com/story/philip-morris-profit-tops-estimates-in-q3-but-sales-fall-short-lowers-full-year-eps-guidance-2019-10-17 . The stock has been lifting of late and...
Emerson Electric Update

Emerson Electric Update

EMR spent the month of November consolidating after its powerful post earnings surge on Nov. 4th. The stock has perked up this week. The post earnings consolidation appears to have ended with an upside breakout. More upside looks likely. At time of publication we are...
Our View of Visa

Our View of Visa

Is Visa setting up for a fresh rally leg? Shares of VISA have been trading in a rather narrow range since early June. After the release of their impressive Q4 results on 10/24, which included a solid forecast,...