by Gary S. Morrow | Aug 17, 2019 | Commentary
Swimmer Coming Up From Strategypage.com: A Coast Guard Sector San Diego MH-60T Jayhawk helicopter crew conducts a search and rescue demonstration in San Diego Aug. 10, 2019. The demonstration was part of Movie Night Aboard the Midway, which included a screening of The...
by Gary S. Morrow | Aug 16, 2019 | Chart of the Day, Commentary
The yield on the 30 Yr. U.S. Treasury Bond is at record lows. On Wednesday the TYX(CBOE 30 Yr. Treasury Yield Index) fell below the previous all time lows set back in July of 2016. There has been a slight bounce off Thursday’s early lows but the TYX is headed...
by Gary S. Morrow | Aug 15, 2019 | Commentary
Yesterday’s 800 point drop in the Dow was the 4th largest ever! The media made a huge deal of Wednesday’s steep sell off. Ignore this. In terms of percentage loses, it was ranked 380th. For perspective, the ‘Black Monday’ crash back in October...
by Gary S. Morrow | Aug 15, 2019 | Chart of the Day, Commentary
Harley-Davidson is testing the 2018 lows this week. At today’s low shares of HOG are off over 24% from the 2019 highs and 45% from the 2018 peak. Back on July 23rd HOG staged a huge post earnings upside reversal. Up until yesterday the stock remained inside the...
by Gary S. Morrow | Aug 14, 2019 | Commentary
There sure has been a ton of analysis regarding the inverted yield curve. The 2 year/10 year inversion ‘may’ indicate trouble ahead. Using this inversion as a timing device has proven to be quite frustrating. A lot can happen in the next 20 months, as in...
by Gary S. Morrow | Aug 13, 2019 | Chart of the Day, Commentary
EMN is retesting the Q2 lows today. A few days after finally taking out its 200 day moving average Eastman Chemical took a nasty post earnings spill on July 26th. The stock went on to lose ground the next eight sessions. Last week EMN began to retest major support...
