ORCL: Overextended

ORCL: Overextended

As I suspected in Saturday’s weekly preview blog, Oracle (ORCL) got a little too hot heading into its just released earnings report. A general rule of thumb is that a stock more than 30% above its 200 DMA is extremely…

Too Hot Too Handle

Too Hot Too Handle

Even if this is a new bull market, stocks got a little too hot to handle and we’re undergoing a mild pullback this week. Powell talked tough in front of Congress Wednesday and Federal Express (FDX) and Darden (DRI) both…

A New Bull Market?

A New Bull Market?

The case that a new bull market has begun is growing stronger. From a technical standpoint, the S&P broke out to a 52-week high Monday and has continued higher Tuesday. Inflation continues to roll over with today’s May CPI coming…