Monday, March 20, 2023

The Semiconductor Index $SOX (SOX) price level

The Semiconductor Index $SOX (SOX) price level

The SOX Index #SOX has rallied approx 27% off the Dec low. As of the close today at $3,115, it is right up against a reversal overhead at $3,134. We'll see how it reacts if it gets back up there. Stock chart below, comments welcome:
Semiconductor Index $SOX



Monday, March 13, 2023

Gold ETF (GLD) overhead reversal

 Gold ETF (GLD) overhead reversal

The Gold ETF $GLD (GLD) rallying up to a reversal area at $ 178.10. We'll see how it reacts once it gets up there.

Stock chart below, comments welcome:

Gold ETF (GLD)


Friday, March 3, 2023

Dow Jones Industrials Index (DJI) headed back up

 Dow Jones Industrials Index (DJI) next reversal area

The Dow Jones 30 Index $DJI (DJI) sell off stopped, reversed and is headed back up. The stock index has been oscillating in a range for many weeks. The next significant, long term, reversal area is at $33,357. A close over that, will provide a clue as to the strength and direction of the rally. Stock chart below, comments welcome:

Dow Jones 30 Index (DJI)



Thursday, March 2, 2023

Pfizer Inc. (PFE) stock update

 Pfizer Inc. (PFE) stock update

On our last Pfizer Inc. $PFE post, on January 28th, the stock was trading at $43.79. We indicated "There is a long term monthly pivot at $41.87." 

The selloff continues. As of today the stock is trading at $40.00, breaking the reversal. This indicates further downside trading. Updated stock chart (monthly) below, comments welcome:

Pfizer Inc. (PFE)