by Gary S. Morrow | Dec 13, 2019 | Chart of the Day, Commentary
Nice way to end the week. Hat tip Charlie Bilello of Pension Partners.
by Gary S. Morrow | Dec 13, 2019 | Chart of the Day, Commentary
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...
by Gary S. Morrow | Dec 12, 2019 | Chart of the Day, Commentary
S&P 500: All-Time High Dow: All-Time High Nasdaq: All-Time High Wilshire 5000: All-Time High Hat tip Charlie Bilello of Pension Partners
by Gary S. Morrow | Dec 11, 2019 | Chart of the Day, Commentary
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...
by Gary S. Morrow | Dec 11, 2019 | Charts, Commentary
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...
by Gary S. Morrow | Dec 10, 2019 | Chart of the Day, Commentary
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,...
