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Expedia Update

Expedia Update

by | Aug 11, 2020 | Chart of the Day, Commentary

Shares of Expedia are surging today.  The stock is up over 6% after piercing a key trendline that links the June/July highs.  EXPE has been trading in a narrowing range since early June.  During this consolidation phase the $76.00 area has provided very solid...
Stocks Vs. Commodities

Stocks Vs. Commodities

by | Aug 11, 2020 | Chart of the Day

One day, commodities will become overvalued versus stocks.  What a massive move that will take.  Here’s our DBA(Invesco DB Agriculture ETF) chart from late July:  https://twitter.com/GarySMorrow/status/1286004931997003780?s=20 Hat tip...
Be Like Sweden

Be Like Sweden

by | Aug 10, 2020 | Chart of the Day, Commentary

Sweden is an example of what herd immunity looks like without lockdowns or masks. Based on serology testing, ~20% of Stockholm was infected by April. Deaths peaked in Sweden in April. Today, the pandemic is over in Sweden with zero deaths per day & subsiding new...
Raytheon Ramping

Raytheon Ramping

by | Aug 10, 2020 | Chart of the Day, Commentary

Raytheon Technologies is moving well as the new week begins.  The stock is up over 4.5% as it extends Friday’s key trendline(links June/July highs) break.  RTX is heading for its best close since 6/23 and is setting up well for more upside.  We consider the...
Investing with Conviction

Investing with Conviction

by | Aug 8, 2020 | Commentary

As we close the first week of August, the LPAM Tactical Opportunity has advanced 56.44% in 2020 vs. +3.00% for the S&P 500 and a decline of 4.68% for the Dow Jones Industrial Average. Investing with Conviction While investing with conviction can be difficult...