by Gary S. Morrow | Jul 18, 2019 | Market Update
Best gain since January ahead of tomorrow earnings report. State Street has been a laggard in its sector this year. While the bulk of the Asset Management stocks, including BLK, BX, TROW, AMP and LM are at or near their highs STT remains near multi year lows. Today...
by Gary S. Morrow | Jul 18, 2019 | Market Update
Double top in place? Nike is testing initial support today as it backs away from heavy supply near $90.00. This key level held the all time April high as well as this month’s peak. The June high($86.85) is a level to watch. A hold here under the ominous looking...
by Doug McKay | Jul 18, 2019 | Market Update
Areas of support and resistance. Testing support at 55, might be headed to 50. A close above 60 would favor the Bulls.
by Gary S. Morrow | Jul 17, 2019 | Market Update
CAG is a top five SP 500 gainer today. With an hour to go in Wednesday’s session shares of CAG are gaining over 2.75% with the help of a nice jump in volume. This healthy action has driven the stock above its 200D moving average for the 1st time since the...
by Doug McKay | Jul 17, 2019 | Market Update
Potential “pennant” pattern forming (bullish).
by Gary S. Morrow | Jul 17, 2019 | Market Update
Retail sales in the U.S. are up 3.3% over the last year, a new all time high. Hat tip Charlie Bilello of Pension Partners
