Verizon Update

Verizon Update

Verizon began to pullback in late March.  Four weeks later the stock had dropped 8% and was testing the 200 day moving average.  VZ has spent the last three weeks in a tight range just above this key indicator.  With back to back monthly lows in place near major...
Verizon Update

Verizon Update

Verizon is setting up well for a fresh rally lag.  Support near $53/$52 has held up extremely well.  Attempting to clear a key overhead trend line.  Close below $54.80(this week’s low) would be a clear warning sign. We are long VZ in most...
Dow Stats on Fed Day

Dow Stats on Fed Day

The Dow Jones Industrial Average closed down 352 points today.  Ahead of the Fed announcement the Dow was up just over 380 points.  At the day’s low the Dow had fallen nearly 900 points from the intra day high before mounting a late bounce.  The Dow closed at...