Newmont Mining Update

Newmont Mining Update

$NEM(+1.4%) is a top 10 gainer in the S&P 500 Index in the early going.  The stock continues to battle heavy resistance just below $34.00.  Back on mid August the stock, as well as the entire mining sector, suffered a very damaging breakdown.  $NEM fell over 6.3%...
Deere Dropping

Deere Dropping

After yesterday’s big gain shares of $DE are fading this morning.  Deere gained 4.7% on Monday, its best gain since May, after opening the session with a huge upside gap.  Volume was once again very heavy.  Since earnings(11/21)there have now been three days of...
Ingersoll-Rand Update

Ingersoll-Rand Update

$IR is trading at new all time highs today.  The stock is battling heavy resistance near the initial 2018 highs set back in early October.  At the late October lows, which were hit the day before the company’s most recent earnings report, the stock entered...
Midterm Magic

Midterm Magic

Going back to 1950 the S&P 500 Index has never closed out a year under the October closing low.  As last week ended the $SPX was 4.5% above the the October lows.  It’s up another 1% this morning.  Through year end the $SPX is up just over 10%(on...