Occidental Begins A Healthy Pullback

Occidental Begins A Healthy Pullback

Shares of Occidental mounted a huge rally after basing just below its 200 day moving average in March.  Aided by a powerful breakout following its May 8th earnings report the stock extended its gain off the March bottom to 40%.  OXY managed to put in a new monthly...
Three On The Radar Screen

Three On The Radar Screen

Pullbacks create opportunity.  As the new week begins stocks are broadly weaker.  Here’s a trio we believe are beginning to look attractive.  Home Depot(HD): Home Depot has had a great run since basing near its 200 day moving average in early April.  At last...
Ten Year Yield Watch

Ten Year Yield Watch

The Ten Year Yield Index(TNX–X)has reached a crucial level.  During the first quarter of this year the index broke through the upper band of a bearish channel that has been in place for thirty years.  This quarter the index is testing its 50 quarter moving...
Unemployment and Recessions

Unemployment and Recessions

The unemployment rate has reached its lowest levels since the late 1990’s.  Historically a dip below 4% has been a precursor to recessions: How long til the next recessions begins?  Considering the length of the current economic expansion, which is approaching...
Target Tracking Toward A Breakout

Target Tracking Toward A Breakout

Target is beginning the new week with an impressive gain.  The stock has been stuck in a narrow range since a nasty sell off back on March 6th.  Might this sideways pattern soon end with an upside resolution?  The odds are increasing.  With less than an hour to go in...