The LEI Doesn’t Lie

The LEI Doesn’t Lie

So goes the old adage.  Currently the LEI(Leading Economic Indicator Index)is trending higher.  Broad stock market weakness while the LEI index is in an uptrend have proven to be short term corrections.  Simply based on this historical relationship, a buying...
More Downside Ahead For Nike

More Downside Ahead For Nike

Shares of Nike were under extreme pressure yesterday.  The stock closed with a 6.8% loss, its biggest one day drop since late March of 2017.  This damaging breakdown extended last week’s clear violation of the 50 day moving average which had earlier held the...