Chart of the Day Archives - This Week on Wall Street

Mastercard Moving Well

by Gary S. Morrow | Jun 21, 2021 | Chart of the Day

Shares of Mastercard have been hemmed in by its 50D moving average since early May. With today’s 2.2% gain the stock is beginning to put some distance on this key indicator. MA is setting up well for a retest of the 2021/ATH’s($401.50). Tidbits: MA is...

Safe and Effective

by Gary S. Morrow | Jun 21, 2021 | Chart of the Day

Not so much. More here: Mortality (openvaers.com) Hat tip Dr. Simone Gold/@drsimonegold

They Don’t Work

by Gary S. Morrow | Jun 18, 2021 | Chart of the Day

“Here’s the CDC age adjusted Covid mortality rates, with the national average highlighted, along with every state that never had a statewide mask mandate. 7 of the 11 states that never mandated masks rank BELOW average.” BECAUSE MASKS DO NOT WORK. Hat tip...

Masks Don’t Do Jack

by Gary S. Morrow | Jun 18, 2021 | Chart of the Day

Since Minnesota lifted their mask mandate cases are down 86%. Hat tip IM/@ianmSC

Costco Cruising

by Gary S. Morrow | Jun 17, 2021 | Chart of the Day

Costco has been trading in a narrow consolidation(bull pennant) since the beginning of May. This healthy action followed a 30% rally off the March ’21 lows. The Wednesday low(this week’s low) held the 50D moving average quite nicely=solid footing in...

Wal-Mart Weakens

by Gary S. Morrow | Jun 16, 2021 | Chart of the Day

Shares of Wal-Mart have reached fresh June lows today. At mid day the stock is off just over 1% as it begins to pierce a key trend line that links the March/May lows. This breakdown type action will likely drive WMT lower in the near term. Initial support is the...