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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...
SPY

SPY

Most likely there are many investors who sold back in March when the fear gauge was at an all time high who are still convincing themselves it was the correct action to take.
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...
QQQ

QQQ

The gap was filled today.  This does not give us a specific direction, but instead more confirmation that gaps almost always seem to get filled.
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...