Snap Inc has been consolidating below heavy resistance near the very damaging breakdown gap left behind back on Feb. 5th.
From the folks at Bespoke Investments: Excellent overview of how the options market is viewing things as we scale over the 200 day sma in the S&P 500. • Options markets are not taking a very optimistic tone lately. • While the huge surge in volatility that came...
One of the characteristics that makes investing so difficult is that its easy to get distracted. The reality is that if we implement a boring approach that focuses on high quality companies with a long and durable pathway to cash flow and market share growth, over time, investors will likely be rewarded vs. investors that are constantly caught chasing the hyped up next shiny object that often leave investors regretting their decisions.
From the March lows the S$P 500 Index has gained 35.7%, that’s the largest bear market rally on record.
Still a horrible stat but, U.S. Jobless Claims, which now top 40M, have been trending lower for a record eight straight weeks. Hat tip Ryan Detrick
The Q's continue to test and hold the 20 DAY. Near term support is 220.
FedEx began this week with a gap higher open before closing Tuesday's session with a 6.7% gain. The stock is adding another 3% today as it begins to pierce a key overhead trend line that links the previous two monthly highs. A run up to the 200D, which provided...
Coke is moving well this week and is at new May highs in the early going. It may make a run at the huge March 12 breakdown gap($51.15). A close back below Friday’s low($44.65) would wipe out this week’s healthy action.
70 years of data tells us the June through October time frame usually presents flat action in the S&P 500 Index. Nothing about 2020 has been usual though. Hat tip Ryan Detrick
LLY is heading for its 6th straight loss. This pullback has driven shares down to a key support zone. The $147.00-$148.00 area marks the stock's Initial 2020 high, an upward sloping 50 day moving average as well as the 1/3 retracement level of the rally off the 2020...