by Gary S. Morrow | Jun 6, 2019 | Chart of the Day, Commentary
Pfizer has been steadily rising since its Q1 earnings beat(Apr. 30). The stock gained 2.6% that day after opening the session with a healthy upside gap. The post earnings low as set early during the April 30th session. PFE is currently working on a fourth straight...
by Gary S. Morrow | Jun 5, 2019 | Chart of the Day, Charts
Shares of retail giant Wal Mart are heading for their best close of the year. At mid day the stock is up 1.7% and is beginning to pierce heavy resistance near the $104.00 area. This key zone capped the February, April and May highs. Once this area is taken out WMT...
by Gary S. Morrow | May 29, 2019 | Chart of the Day, Charts
JPM is sitting right in the middle of a very solid support zone. At today’s early lows the stock was off 8.5% from the May highs. This pullback has retraced 1/3 of the entire rally off the Christmas week lows. This key area also marks the March highs as well...
by Gary S. Morrow | May 24, 2019 | Chart of the Day, Commentary
Shares of Eastman Chemical have had a rough go since reporting soft earnings in the first quarter. The stock has lost ground for five straight weeks since and is now approaching the 2018 Christmas week lows. Is a low risk entry opportunity developing for patient...
by Gary S. Morrow | May 23, 2019 | Commentary, Market Update
The S&P 500 Index began 2019 with four straight weekly gains. Is this a strong positive for the remainder of the year? It certainly is. Great stats from Ryan Detrick: The final eight months of the year, after a strong start like we’ve had in 2019, have...
