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Micron Update

Micron Update

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...
Microsoft Update

Microsoft Update

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...
Miners Bottoming?

Miners Bottoming?

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...
Lilly Leaps

Lilly Leaps

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...
Verizon Update

Verizon Update

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...