Much has happened in a very short time. The recent activity in the equity markets showed the flip side of the benign environment that has existed for almost 2 years since November of 2016. We'll leave it to TV market pundits to explain stock market swings ex post facto, but we can make one glaring … Continue reading The Maddening Crowd
IBM
IBM, Babies And Bathwater
On the recent market decline, many high quality names were thrown out by investors like rotten apples at Whole Foods. A somewhat surprising name among them is IBM. While the chart of IBM was hardly dynamic in the weeks prior to the market's correction, the heavy and continued selling indicates that lots of big money, … Continue reading IBM, Babies And Bathwater
That Was Then, This Is Now Part 2
We continue with our Dow recap. XOM Forecast: "...$90.26 When viewed in the context of a longer term monthly chart, XOM is dead neutral essentially trading in a broad range for years. The SCTR reading is 43 which is just middling but XOM does perform a bit better than the S&P benchmark. There is a breakout … Continue reading That Was Then, This Is Now Part 2
Blockchain/Bitcoin
Outside of the activity of the listed markets is a phenomenon that has captured the attention of money people everywhere. We are referring to the crypto currency space as represented by the more well known products, Bitcoin and Etheruem. Bitcoin prices, which began at just a few hundred US dollars just over a year ago, … Continue reading Blockchain/Bitcoin
Exxon Mobil XOM
In January of 2016, just over a year ago, stock markets were in the throes of a pretty vicious mini bear market, or at least a very scary correction. Only one year later, we are now basking in the opposite environment wherein the popular stock indices appear to effortlessly make new highs every day with the buoyant tide lifting all boats. … Continue reading Exxon Mobil XOM
TC-TECHNICALS 