The Stock Market’s Garden Grows More Weeds In Sell-Off – Above the 40 (September 8, 2020)

Stock Market Statistics AT40 = 42.5% of stocks are trading above their respective 40-day moving averages (DMAs) (2-month low)AT200 = 42.1% of stocks are trading above their respective 200DMAs (2 1/2 week low)VIX = 31.5Short-term Trading Call: cautiously bearish Stock Market Commentary The swift stock market sell-off took a fresh turn for the worse. AT200 … Read more

Clorox: Stock’s Breakdown Makes Tepid Guidance Even Less Attractive

Clorox (CLX) is a stalwart of the pandemic economy. The company’s line-up of cleaning and disinfectant products are favorites for COVID-19 safety routines. While the company sells products like vitamins, bags and wraps, cat litter, food, water filtration, and natural personal care, Clorox is the cleaning company. As the cleaning company, the stock has enjoyed … Read more

Chart Review – These Giants Are Falling

Near the end of the last oversold period toward the end of June, I identified three stocks that I claimed had to hold support to maintain a bullish outlook for the stock market for various reasons: Proctor & Gamble (PG), Clorox (CLX), and Oracle (ORCL). I titled that piece “Chart Review: These Giants Must Not … Read more

Chart Review: These Giants Must Not Fall – PG, CLX, and ORCL

On June 20, famed money manager Doug Kass tweeted a stock market warning: “once again the strength in consumer non durables (pg pep cl clx k gis etc) are a market warning sign.” So what happens when these stocks start to break down along with so many others? Is their weakness suddenly a harbinger of … Read more