GDP Surprises Analysts

GDP Surprises Analysts

The lede, from MarketWatch.com:    GDP Surprise Chalked Up To Unexpected Consumer Spending During Shutdown, Research and Development Growth. More:    “At a 2.6% gain, fourth quarter GDP was a welcome upside surprise, and further cast doubt on the veracity of the weak...
Walgreens Breaks Out

Walgreens Breaks Out

Walgreens Boots Alliance(WBA) is extending Friday’s breakout with 1.5% gain.  WBA closed last week above a heavy resistance area as a month long consolidation pattern came to an end.  With a solid base underneath this retailer is now set up well for more upside....
Homebuilders Heading Higher?

Homebuilders Heading Higher?

The XHB(Homebuilders ETF) is extending last week’s breakout.  One week ago the index posted its best gain(+3.5%) since the powerful Dec. 26th reversal.  This impressive move drove the XHB well past both its 200 day and 40 week moving averages.  This week the...
And It’s Still Not Enough

And It’s Still Not Enough

Key Bit:  The federal government collected a record $1,665,484,000,000 in individual income taxes in calendar year 2018, according to the Monthly Treasury Statements for the year, which the Treasury finished publishing today with the belated release of the December...