One of the powerhouses of the Dow has finally broken free of the old supply area at 31.5 which has capped the progress since September of last year. At the same time, the DMI indicator has turned higher and money flow is moving in favor of the new trend. The SCTR accumulation statistic has yet … Continue reading Cisco CSCO
Day: February 14, 2017
Nike NKE
Not all stocks have been lifted by the rising market; some are conspicuously lagging. In our commentary on Dow stocks earlier this year, we had pegged NKE to be an underperformer and even expected a move to the mid 40's before a turn would happen. In the past few weeks, NKE has managed to attract … Continue reading Nike NKE
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