Morning Technical Notes for Friday January 29th Walmart (WMT), a Dow Jones Industrial Average stock moved below $142.30 setting an intermediate downtrend. Moderna (MRNA), a NASDAQ 100 stock moved above $178.50 to an all-time high extending an intermediate uptrend. Lithium ETN (LIT) moved below $67.56 completing a short term double top pattern.   Pre-opening Comments […]

Pre-opening Comments for Thursday January 28th U.S. equity index futures were lower this morning. S&P 500 futures were down 6 points in pre-opening trade. Index futures recovered slightly following release of economic news at 8:30 AM EST. Consensus for fourth quarter annualized real U.S. GDP was an increase of 4.0% versus a gain of 33.4% […]

Morning Technical Notes for Wednesday January 27th Starbucks (SBUX), a Dow Jones Industrial Average stock moved below support at $100.02 after releasing lower than consensus U.S. comps. Sirius (SIRI), a NASDAQ 100 stock moved above $6.70, $6.72, $7.33 and $7.52 to an all-time high extending an intermediate uptrend. Trip.com (TCOM), a NASDAQ 100 stock moved […]

Morning Technical Notes for Tuesday January 26th Fox (FOXA), a NASDAQ 100 stock moved above $32.18 and $32.51 resuming an intermediate uptrend Microsoft (MSFT), a Dow Jones Industrial Average stock moved above $232.25 to an all-time high extending an intermediate uptrend. Dollar Tree (DLTR), a NASDAQ 100 stock moved below $105.31 completing a double top […]

Morning Technical Notes for Monday January 25th JD.com (JD), a NASDAQ 100 stock moved above $96.20 to an all-time high extending an intermediate uptrend. Nike (NKE), a Dow Jones Industrial Average stock moved below $138.32 completing a double top pattern. Incyte (INCY), a NASDAQ 100 stock moved above $98.47 extending an intermediate uptrend. CSX (CSX), […]