Revisiting Thursday

Revisiting Thursday

It’s been a few days since last Thursday’s stunning reversal giving us some time to sort out what it means. As predicted some found technical analogies to support the idea that the price action suggested a bottom was near. The…

Stunning Reversal

Stunning Reversal

The much anticipated September CPI Report came out this morning before the market opened hotter than expected. The CPI increased 8.2% year over year and 0.4% month over month – above expectations. The Futures were up big before the report…

WBA Is Deep Value

WBA Is Deep Value

When I see a chart like the one above of leading drugstore Walgreens (WBA) I want to find out why it’s essentially straight down. For example many tech stocks have charts that look like WBA’s this year due to rising…

MU: Demand Has Collapsed

MU: Demand Has Collapsed

Semiconductor manufacturer Micron (MU) reported 3Q22 earnings for the quarter ended August 31 after the close Thursday. On August 9 they warned that revenue in the current quarter would come in at or below previous guidance of $7.2 billion and…