Activision – Before Earnings -The Charts On Multiple Time Frames

By | February 12, 2019

Activision Blizzard (ATVI) shares have collapsed since the October 2018 high. They retraced more than half of their incredible rally off the 2015 low. The weekly chart shows Activision’s heroic rise and its sudden reversal. The company is reporting earnings after the close today and may announce plans to layoff workers because of slowing sales.… Read More »

McDonalds – Potential Double Top On The Chart

By | February 5, 2019

Over the last 52 weeks McDonalds (MCD) shares outperformed the S&P 500 index by about 8%, but year-to-date they have underperformed by that same percentage. The stock is not participating in the current broader market rally and a double top may have formed on the daily chart. McDonalds high in November touched the $190 level… Read More »

Apple Shares Are Approaching Resistance In Fibonacci Time And Price

By | February 5, 2019

In 2017 and through the first half of 2018, Apple (AAPL) shares found support and resistance in areas that, after the October 2018 high was established, turned out to be future Fibonacci retracement levels. These levels on the weekly chart are measured off the 2016 low and the 2018 high range. In the months that… Read More »

Microsoft – The Charts On Multiple Timeframes Before Earnings

By | January 29, 2019

Microsoft (MSFT) reports after the cloe on Wednesday. The stock is down over 2% in afternoon trading on Tuesday and has dropped below its rising 200 day moving average. But over the last year, the Microsoft has been a strong outperformer relative to the Technology Select Sector SPDR Fund (XLK). Let’s look at the daily… Read More »