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Expedia Update

Expedia Update

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

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

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

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

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...