by Gary S. Morrow | Dec 23, 2021 | Chart of the Day
Microsoft was dead money for 16 years. Hat tip TrendSpider/@TrendSpider
by Gary S. Morrow | Dec 21, 2021 | Chart of the Day
Shares of Micron Technology are surging today. This powerful earnings driven (Micron’s Stellar Q1 Results Beat Estimates; Shares Up 6.8% (tipranks.com)), surge is driving the stock to new December highs. A close above $90.00 would be its best close since April 16 as...
by Gary S. Morrow | Dec 20, 2021 | Chart of the Day
Gap rill coming? MSFT remains under pressure following last Thursday’s key downside reversal. We expect shares to drift lower in the near term as the current pullback continues. Initial target is the powerful post earnings, Microsoft (MSFT) earnings Q1 2022...
by Gary S. Morrow | Dec 16, 2021 | Chart of the Day
GDX(VanEck Vectors Gold Miners ETF) extends gain off Wednesday’s low to 7%. This week’s low tested a major support zone. The 40 week moving average as well as the September lows mark this area. Is a major double bottom in place? Both daily and weekly...
by Gary S. Morrow | Dec 15, 2021 | Chart of the Day
Shares of Eli Lilly are surging this morning. The stock’s 8% news inspired: Why Eli Lilly Shares Are Rising Today (msn.com), rise puts atop the $SPX gainers list. This powerful move could spark quite a fresh rally leg. LLY began consolidating in a narrowing...
by Gary S. Morrow | Dec 14, 2021 | Chart of the Day
Has Verizon bottomed? At the December lows the stock was down 17% from its 2021 highs. This deep sell off drove shares to within 2% of its 2020 spike low. VZ is now more oversold(weekly/MACD) than it was at the March 2020 lows. VZ hasn’t been this far below...
