Investors Have The Jitters

Investors Have The Jitters

Investors sentiment has slumped sharply over the last two weeks, even without as much as a 5% correction(SP 500 Index-lowest daily close this month= -4.8% from the 2019 high). AAII bullish sentiment has cratered 18% since May 10th.  That’s the steepest two week...
Corrections Happen

Corrections Happen

Over the course of the year the S&P 500 Index usually undergoes three corrections of 5% or more.  As we get closer and closer to mid year, we haven’t had one yet.  The ‘headlines’ are certainly scary at times, panic sells.  In reality, there is a...
Hunting Honeywell

Hunting Honeywell

Honeywell began to consolidate a week after its powerful post earnings breakout.  This healthy action has dropped shares down to a very solid support zone.  This key area includes the high volume breakout gap left behind on April 18th(earnings).  Also here is the...
United Technologies, At Support

United Technologies, At Support

UTX left behind an ugly key downside reversal after retesting the 2018 peak on May 1st.  At this week’s low the stock is off 10% from the highs.  This pullback has worked off the overbought reading the stock reached in Q1 and May highs.  UTX is testing the top...
Eastman Update

Eastman Update

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...