NYSE:GE reported earnings yesterday and had a minor gap up to the high of the sideways range with some selling for profit toward the end of the day. This company is reinventing. Momentum Runs have developed out of Dark Pool Buy zones for swing trading since the last time it was mentioned.
Platinum is sitting at a Support Zone which aligns with the PCZ of a Bullish Cypher with RSI and MACD Bullish Divergence all on the Daily Timeframe and looks to be setting up to begin a retrace towards the resistances marked above.
MSM looks to be Triple Bottoming with Triple Bullish Divergence on the MACD above a Congestion Zone and has also formed a Bullish Deep Gartley Visible on the Daily and 4 Hour Timeframes. If it holds we could see the period of consolidation break upwards and given the industrial nature of this stock and how other industrials have performed after experiencing...
"Natural science has invaded and transformed human life all the more practically through the medium of industry; and has prepared human emancipation, although its immediate effect had to be the furthering of the dehumanization of man."
GE on the weekly chart has been in a trend up with some corrections along the way since a double bottom in the summer of 2022. It has had some sections spin-off including the health care poriton of the company. This company as a mega-cap industrial with cash on hand is independent of interest rate concerns. Much of its business in long term contracts. I...
Provides online manufacturing services which enable manufactured custom parts to be sold via xometry.com NASDAQ:XMTR is forming a base just after it broke out a polarity zone around $30 The AMEX:XLI is making new highs along with AMEX:XLK and AMEX:XLC but the leaders are showing signs of exhaustion and some rotation to small cap might be underway The ...
This Dow component attempted a new all-time high and failed. However, it has ample support from the prior sideways trend after the previous all-time high. NYSE:CAT has been over-speculated as it moved out of its bottom low. The company reports end of January. Watching to see how the stock performs in the next week or so should indicate whether it will be stuck...
For those into junior mining stocks, one of the best indicators of a bull run is the TSX Venture Exhange. Typically, when this chart bounces off oversold territory, it has led to strong bounces for most miners on this exchange and the overall mining sector. A positive divergence is forming on the monthly. No guarantee it will hold up, but something to keep an eye...
In May 2023, I wrote to you saying I epxect Barloworld to drop. ANd if you had the patience and just invested in this short, would be paying nicely by now. Not only because the price is down but also with the time held you could have made some interest income from the short. Anyway, there is nothing more confirming than when you have a Bearish formation like...
Northrop Grumman Corporation (NOC) Fundamentals: Market Cap: $73.996 billion EPS (Earnings Per Share): $30.13 P/E Ratio: 16.232 Book Value: $102.293 Operating Margin (TTM): 11.49% Profit Margin: 12.27% Return on Assets (TTM): 8.45% Return on Equity (TTM): 31.91% Wall Street Target Price: $504.33 Revenue (TTM): $37.881 billion Gross Profit...
XLI has had a picture perfect breakdown. We warned our members of this last week. this pattern technically has more downside but it is very oversold and were approaching the breakout trend line as well as many weeks of consolidation & support. A bounce is most likely as the daily chart is becoming exhausted to the downside.
A close above the neckline negates the bearish pattern. If Weak ISM data continues you could see more weakness in this sector. A pair trade I'm watching is Long GE / Short XLI
All these 3 stocks are leaders in the Building Materials industry. NASDAQ:USLM is the clear leader between the 3, breaking from its 2022 highs earlier. The technicals between NYSE:MLM and NYSE:VMC are very similar but, the fundamentals are another story. Martin Marietta NYSE:MLM , produces crushed stone/sand/other aggregates for...
we can learn easier by identifying the chart of the stock
Everyone wants to get rich quick. Because getting rich quick means you: a) Get rich b) Quick Then you can wear big ugly sunglasses, a crappy t-shirt, flipflops, sit on the beach, eat a lot of meat, drink a lot of alcohol, and be promiscuous with women. This is the modern human's dream, right? And so everyone loves to speculate on potential earnings pumps and...
Company: Illinois Tool Works Inc. Ticker: ITW Exchange: NYSE Sector: Industrials Introduction: In this analysis, we are looking at Illinois Tool Works Inc. (ITW) on the NYSE, a noteworthy name in the industrials sector. The weekly chart suggests a possible bullish continuation in the form of a classic Cup and Handle pattern that has been forming for the past...
Company: Old Dominion Freight Line, Inc. Ticker: ODFL Exchange: NASDAQ Sector: Industrials Introduction: Today we are studying Old Dominion Freight Line, Inc. (ODFL) listed on the NASDAQ, a well-regarded player in the industrials sector. The weekly chart is indicating a possible bullish continuation based on a classic Cup and Handle pattern that has been...