by Gary S. Morrow | May 8, 2019 | Chart of the Day, Charts
Intel took a major hit on April 26 following a rather uninspiring earnings report. The stock closed that session with 10% loss, it’s biggest one day decline in years. INTC has been drifting lower since and at this week’s low the upper band of a major...
by Gary S. Morrow | May 4, 2019 | Chart of the Day, Commentary
Highest Weekly Closes in History: S&P 500 Index Nasdaq Composite Index Russell 3000 Index Wilshire 5000 Index The Genius that is Paul Krugman, Nobel Prize winner, Economics professor, 4.5M twitter followers, November 9th 2016: “If the question is when...
by Gary S. Morrow | Apr 5, 2019 | Charts, Commentary
The BIB(ProShares Ultra Nasdaq Biotechnology Index) is finishing out the week on a high note. The index is less than $1.00 away from posting its best weekly close since mid October. The current set up is quite bullish. We consider the BIB a low risk buy near...
by Gary S. Morrow | Mar 7, 2019 | Market Update
More great stuff from the desk of Ryan Detrick: The Nasdaq Composite Index is up 10 straight weeks for first time since Dec 1999. That was a very bad time to be bullish stocks. Here’s the catch, looking at the other 7 times it got to 10 weeks in a row? The...
by Gary S. Morrow | Mar 2, 2019 | Charts, Commentary
The XBI(Biotech ETF) finished the week with a 3% gain on accelerating trade. The 200 day held support all week. Quite a bullish set up. We covered the XBI earlier this week: Biotech Breakout The BIB(ProShares Ultra Nasdaq Biotech Index) and the IBB(ProShares...
