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Coke Update

Coke Update

Coke is moving well this week and is at new May highs in the early going.  It may make a run at the huge March 12 breakdown gap($51.15).  A close back below Friday’s low($44.65) would wipe out this week’s healthy action. 

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BONEs With Gripens

BONEs With Gripens

From Strategypage.com:  B-1B Lancers from the 28th Bomb Wing, Ellsworth Air Force Base, S.D., integrated with Swedish Armed Forces JAS 39 Gripens for the first time over Sweden during a long-range, long-duration Bomber Task Force mission, May 20, 2020. Operations and...

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Lilly Reaches Support

Lilly Reaches Support

LLY is heading for its 6th straight loss.  This pullback has driven shares down to a key support zone.  The $147.00-$148.00 area marks the stock's Initial 2020 high, an upward sloping 50 day moving average as well as the 1/3 retracement level of the rally off the 2020...

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Morgan Stanley Breaks Out

Morgan Stanley Breaks Out

Shares of Morgan Stanley are in full breakout mode as the new week begins.  The stock is up over 6% after opening the session with a powerful upside gap that has lifted the stock above the April peak.  As the six week consolidation ends MS is set up well for a fresh rally leg. 

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Gold

Gold

Although the trend for Gold remains long - that could end with a break of 1700-1690 (support) on a closing basis as a DT (double top) has formed.

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