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NEM (Newmont Corp) Follow Up – Nice Breakout

2:08 p.m. ET I featured NEM yesterday after it came up in The Technical Take Discord room.   Newmont was sitting in a nice bull flag ahead of earnings… NEM (2h) as of yesterday. Today, a breakout and up +13.25%… NEM (2H)  – today shaded green, and look at the

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META Platforms (META) Reports Earnings

This week is the SuperBowl of earnings with 4 of the 7 Magnificent 7 mega-caps (Meta Platforms, Tesla, Microsoft, and Alphabet) reporting this week. As noted a couple of weeks ago, “The bar for the top 10 stocks is quite high. 2024 bottom up consensus EPS revisions are +18% for

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Stock Market Bounce

Today saw follow-through buying of a broad-based nature. Some decent earnings results out of the Industrial sector and the Consumer Discretionary sector helped set the tone this morning. Also, soft Services and Manufacturing survey data (PMI) that lowered market rates didn’t hurt either. Manufacturing PMI slipped back into contraction and

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