To: rimshot who wrote (376) | 1/12/2023 7:58:52 PM | From: rimshot | | | * strong positive improvement in Relative Strength today vs. SPY - for 4 of 11 S&P 500 sectors - XLE, XLRE, XLC, XLK
* strong decline in Relative Strength today vs. SPY - for 3 of 11 S&P 500 sectors - XLP, XLU, XLV
* mild positive improvement in Relative Strength today vs. SPY - for 2 of 11 S&P 500 sectors
* mild decline in Relative Strength today vs. SPY - for 2 of 11 S&P 500 sectors
slight advance today for the $OEX vs. $SPX daily closes ratio ... a new multi-year low was printed January 10 for this ratio ( .443400 = newest multi-year low )
stockcharts.com
* Thursday January 12 eod update |
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From: rimshot | 1/13/2023 3:02:30 PM | | | | Exxon Mobil - XOM - news item:
Exxon Mobil Corp in coming days will sharply boost gasoline and diesel production at its Beaumont, Texas, refinery, people familiar with the matter said, completing a $2 billion expansion first considered nine years ago |
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To: rimshot who wrote (377) | 1/13/2023 5:22:00 PM | From: rimshot | | | * strong positive improvement in Relative Strength today vs. SPY - for 2 of 11 S&P 500 sectors - XLY, XLF
* strong decline in Relative Strength today vs. SPY - for 3 of 11 S&P 500 sectors - XLRE XLU, XLI
* mild positive improvement in Relative Strength today vs. SPY - for 3 of 11 S&P 500 sectors
* mild decline in Relative Strength today vs. SPY - for 3 of 11 S&P 500 sectors
positive 0.10% = a moderate advance today for the $OEX vs. $SPX daily closes ratio ... a new multi-year low was printed January 10 for this ratio ( .443400 = newest multi-year low )
stockcharts.com
stockcharts.com
* Friday January 13 eod update |
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To: rimshot who wrote (354) | 1/14/2023 5:53:25 PM | From: rimshot | | | WSJ news item on January 14, 2023 - Drug companies may raise prices more than usual while high inflation gives them cover—and to get ahead of future U.S. controls |
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To: rimshot who wrote (367) | 1/16/2023 10:26:30 AM | From: rimshot | | | The time to buy Detroit auto stocks may be coming, but as @StephenWilmot explains, it's probably not right now -
t.co
excerpt -
The peak in the Manheim index at the beginning of 2022 coincided with the peak in GM stock as investors started to anticipate the unwinding of the pricing bonanza. Detroit profits remained relatively robust last year as manufacturers and dealers clung on to their newfound negotiating leverage, supported by weaker-than-expected production, but signs of slippage are now emerging.
WSJ article behind the paywall ... I currently pay $42/month for the online subscription following the $4 per month free trial which started in late 2021 |
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From: rimshot | 1/16/2023 7:10:40 PM | | | | Sentiment item from a January 16, 2023 item at CBS news -
Three-quarters of CEO's surveyed by accounting and consulting firm PwC expect global economic growth to slow over the next 12 months. |
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To: rimshot who wrote (96) | 1/16/2023 10:15:52 PM | From: rimshot | | | CAT & ORCL print new 52-week intraday highs - on Friday January 13, 2023
CAT = multi-year high
ORCL - the mid-December 2022 and earlier price action reside above the current price levels |
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From: rimshot | 1/17/2023 10:54:22 AM | | | | GS - am watching 348.08 horizontal ... will it hold as horizontal support if and when tested from above?
source: Fidelity Trade Armor, using 40 days look back on the 5-day time frame |
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From: rimshot | 1/17/2023 10:59:16 AM | | | | FDX - is still declining after nearly bumping its head on the 200-day SMA |
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From: rimshot | 1/17/2023 11:05:37 AM | | | | FSLR - sell short entry near 185, new multi-year high today was briefly above 185
in recent months, sentiment has been overwhelmingly positive on FSLR |
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