Looking Like Textbook Action

 | Mar 03, 2014 | 3:13 PM EST  | Comments
  • Comment
  • Print Print
  • Print
Stock quotes in this article:


You knew that rally would bring out sellers. That's pretty much how it always happens.

In fact, today really is text book because we had that midday rally where people pronounced that everything was over.

I think that we will have these declines and rallies until we have more clarity because this is an employment-number week. Also, don't forget that these first days of many months have been down, perhaps in a reaction to a mark-up right before the end of the month.

Nothing major happening now. The oddest thing, though, is the reversal in most oils. We bought some Chevron (CVX) for Action Alerts PLUS and the transports are hanging in.

But I have no conviction levels, having bought lower. Just waiting.

Columnist Conversations

I haven't been able to contribute to the Columnist Conversation like I used to in the old days and want to aga...
The DJIA made it back above the May/April low level; the S&P 500 Index bounced off a similar level and its...
I'm not looking for much more from the Fed today other than what we heard in the June meeting. This might be ...
The Twitter conference call was among the worse I can ever recall. Management team is virtually dysfunctional ...



News Breaks

Powered by

Columnist Tweets


Except as otherwise indicated, quotes are delayed. Quotes delayed at least 20 minutes for all exchanges. Market Data provided by Interactive Data. Company fundamental data provided by Morningstar. Earnings and ratings provided by Zacks. Mutual fund data provided by Valueline. ETF data provided by Lipper. Powered and implemented by Interactive Data Managed Solutions.

TheStreet Ratings updates stock ratings daily. However, if no rating change occurs, the data on this page does not update. The data does update after 90 days if no rating change occurs within that time period.

IDC calculates the Market Cap for the basic symbol to include common shares only. Year-to-date mutual fund returns are calculated on a monthly basis by Value Line and posted mid-month.