Update on Ford and Cisco
As bucket 3 longs, I am giving CSCO and F stops that are somewhat longer than for bucket 2 swing trades. After breaking out of resistance levels earlier this week, both stocks have given back some the past two days. So far the action looks like healthy consolidation. In both stocks, should they meaningfully fall […]
Dominos Pizza (DPZ) – Rising Dough
Back in 2007 DPZ started a massive sell-off that took it from a high at $35.67 to a low at $2.61 just 18 months later. Since the bottom in late 2008 DPZ has staged an equally massive comeback and currently trades around $18 and change. The longer-term picture I look at here has to do […]
Morning Line-Up
Good morning and happy Friday! After a fairly flat broader tape yesterday, we rise this morning to most things, dollar and treasuries aside, trading at higher prices. The Euro continues its astonishing rally on the back of the rate-hike the other day. Gold, silver, oil, and stocks are all up solidly ahead of what looks […]