iBankCoin
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
23,460 Blog Posts

Some Key Stocks Are Hugging the 200 Moving Average, Leadership Stocks Are Still Doing Well

For a moment or two, I’ll make believe this shit actually means anything. I know a vast swath of you, in between swigs of cheap vodka, like to comb over thousands of charts, manually, like morons.

BEHOLD, as I do your job for you in 0.0000012631 of a second, via Exodus.

Here are my digitized charts, displaying stocks of interest now hovering around the 200 day moving average.

PSX, OI, PFE, MOH, WMT, GE, VZ, ORCL, HD, MCD, COST, TJX, CRM, DECK, GIS to name a few.

For the most part, the leadership of the market is intact — represented by the following basket of winners near their 52 week highs.

basket

If the market is ever going to break lower, the above stocks will need to reverse and break down. Thus far, they’re moving sideways and basing out.

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5 comments

  1. scarface

    A stock post. You feeling ok?

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  2. rahagar

    #BasketOfWinners, no relation to #BasketOfDeplorables I assume.

    LOL @scarface

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  3. heaterman

    All who believe CNN claiming possession of Wikileaks information is illegal please explain how this line of reasoning would not impact info about stock trading at some point.
    Dissemination of of knowledge and information is good, always?
    Or,… not unless the right people agree with it?

    Suppose Gold Man’s Sack is facing huge problems…
    You own many shares…
    but the “right people” want to protect their pals there as they are TBTF
    Should there be restrictions placed in info they must release/report, for the good of all us plebs of course.

    Do y’all see where this goes once the first amendment can of worms is opened?

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  4. prospectus

    THE CREAM RISES TO THE TOP, OH YEAH

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