A Few Stocks At New Highs

Here are three stocks flying around at new highs. There are probably plenty more and given that the broad market is now pushing the limits, the bears can be forgiven for wincing when they look at pictures like these. Boeing is supposedly economically sensitive. Well, it’s sensing a good economy then. Stryker is a Medical Device company flying around up there. The whole Device sector … Continue reading A Few Stocks At New Highs

nftrh plus

NFTRH+; Daily & Weekly Charts of a Familiar Medical Device Co.

Per the Trade Log I added back former holding MDT for its status as a large component of IHI (Medical Device iShares), it’s status as a Healthcare stock (more defensive) and for its daily and weekly charts. While IHI is breaking above its Q4 2018 high, MDT – a known large cap sector laggard mind you – is far from its Q4 high. I checked … Continue reading NFTRH+; Daily & Weekly Charts of a Familiar Medical Device Co.

Gold vs…

This is not gold buggery. These are market indicators to be used in gauging which way the cyclical winds are blowing. Here is a snapshot of gold vs. some other asset markets, many of which are pro-cyclical. Gold (GLD) vs. SPX (SPY) Gold vs. World stocks Gold vs. China Large Caps Gold vs. Junk (high yield bonds) Gold vs. long-term Treasury Bonds Gold vs. Commodity … Continue reading Gold vs…

alice

NFTRH; SPX… Wash, Rinse, Repeat (med. priority)

Last week SPX drove up to the 200 day moving average and then dutifully pulled back from it. Ah, but it is never that easy (or cut and dry) over short time frames. SPX left a gap last week and is rising to close that gap this morning in pre-market. Hence, nothing whatsoever has changed. The S&P 500 is on a relief rally and it … Continue reading NFTRH; SPX… Wash, Rinse, Repeat (med. priority)