Monthly Archives: July 2016

Exxon Mobil To Put In A Bottom Soon

Exxon Mobil (NYSE:XOM) recovered well after selling off initially after its poor Q2 earnings numbers. Poor refining spreads along with lower production resulted in only $1.7 billion in earnings for the quarter. However I see crude oil putting in a … Continue reading

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Gilead Should Bounce From These Oversold Levels

Gilead (NYSE:GILD) really broke down after its 2nd quarter earnings. This stock cant go much lower in my view despite its obvious problems in HCV. Furthermore the biotech sector continues to go from strength to strength. I cannot see Gilead … Continue reading

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Exxon Mobil’s Q2 Earnings

Exxon Mobil (NYSE:XOM) Should Bottom Soon but only because crude oil is due to print an intermediate bottom any day now. Exxon has had quite a run-up over the last month and its upcoming Q2 earnings may be used as … Continue reading

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Starbucks Needs To Stay Above $54 A Share

Starbucks (NYSE:SBUX) from a technical standpoint looks dangerous to me. It hasn’t been able to make higher highs since last November and its latest earnings report places more risk on the table. This stock more than most will be affected … Continue reading

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Can Gilead Produce A Beat In Upcoming Q2 Earnings?

Gilead (NYSE:GILD) announces earnings in 4 days time and the jury is still out as to where this stock will go in the short term. Its HVC sales are under pressure and although it holds a strong balance sheet, most … Continue reading

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General Electric’s Rally May Be Halted By Earnings

General Electric (NYSE:GE) is definitely overbought on a short term basis as it enters earnings. This may result in some profit selling before earnings are announced. Its rally out of post Brexit has been impressive but sentiment has goten a … Continue reading

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Starbucks May Fall Again After Q3 Earnings

Equity markets have had a huge run up since the Brexit vote so now may not be the time to invest in Starbucks (NYSE:SBXU) especially if earnings come in soft. However anything around the $50 level would be a solid … Continue reading

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Micron looks Set For A Pullback

Micron (NASDAQ:MU) still hasn’t broken through its June highs despite rallying back after Brexit and its recent earnings. Now may not be the time to invest in Micron as I’m expecting the market to correct over the next few weeks … Continue reading

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Gold Falling Due To Strengthening US Dollar

A rally in the dollar today has caused gold (NYSE:GLD) to sell off by a few points. Silver this time is following. However we still don’t seem to be near a daily cycle low. Wait for sentiment to get more … Continue reading

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Waiting For A Dip In The Stock Market Is Risky..

Don’t be fooled by the short term overbought signals on the RSI indicator in the S&P500 (NYSE:SPY). The only dip we may get now would be a dip into a half cycle low which would probably only mean 20 to … Continue reading

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