Four For Four

Four For Four

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...
Tesla Tumbling

Tesla Tumbling

It’s been a rough year for Tesla share holders.  The stock is hitting new 2019 lows this morning as it moves lower for the 12 session out of the last 13.  TSLA is now off 45% from the January peak and is now more oversold(weekly MACD) than it has ever been.  Is...
Intel Update

Intel Update

At today’s lows INTC is down 35% from the April 2019 peak.  The daily MACD indicator has not been this oversold since the Q1/2008 lows.  The $43.50 to $42.00 area held important monthly lows in 2018, most notable was the Christmas week low($43.50).  We...
Semis Slumping

Semis Slumping

hjat Trade fears with China are driving the semiconductor sector lower again today.  Also adding pressure:  Bloomberg News reported Sunday that Xilinx XLNX, -6.53% XLNX, -6.53% and other U.S. chip makers, including Intel Corp INTC, -2.21% Qualcomm...
Intel Approaching Major Support

Intel Approaching Major Support

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...