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Microchip Technology Inc. (NASDAQ: MCHP) stock price jumped around 3.3x from $18 in 2018 end, to almost $60 currently, primarily due to favorable changes in its P/S multiple. By the way, the monthly price broke Ichimoku cloud by close MN bar for the reversal to the primary bearish market condition: the price is breaking support level at 63 to below for the primary bearish trend to be continuing. more...
Kellogg stock rose after the company announced a proposed corporate split. But the daily price is still on secondary ranging to be near and above 200 SMA within 66/71 support/resistance levels waiting for the direction of the bearish reversal to be started or the bullish trend to be resumed. more...
Mastercard’s stock (NYSE: MA) has lost 7.2% in the last week, underperforming the S&P 500 (down 6.1%). more...
“The bear market will not be over until recession arrives—or the risk of one is extinguished,” Morgan Stanley has warned clients. more...
Here are short sale recommendations for a bearish week. more...