Finding Opportunities in This Mixed Market Action

 | Jul 11, 2017 | 10:47 AM EDT
  • Comment
  • Print Print
  • Print
Stock quotes in this article:

QQQ

,

baba

,

momo

,

ttd

,

hiiq

,

mram

,

ytra

,

kro

,

cvgi

A sluggish start brings in some dip buyers, but breadth is running negative as the Nasdaq 100 ETF (QQQ) big-caps are leading. Retail and biotechnology are bouncing after lagging yesterday, and oil is holding steady. Banks are down and small-caps are underperforming.

It is another example of choppy and inconsistent action. It isn't bad, but it is not particularly easy to trade. Many market players are just treading water as they look ahead to Janet Yellen's testimony tomorrow and the kickoff of earnings season over the next few weeks.

There are some chart patterns working. Alibaba (BABA) for example, is breaking to a new all-time closing high, and some of the other China-related names like Momo (MOMO) are acting well.

Some of my recent Stocks of the Week are acting very well. For example, The Trade Desk (TTD) , which I discussed yesterday as a top play into earnings, is doing very well. Health Innovations (HIIQ) , Everspin (MRAM) and Yatra (YTRA) are all trading up nicely.

A couple of new names I'm watching are Kronos Worldwide (KRO) and Commercial Vehicle Group (CVGI) .

I'm managing positions carefully and don't trust the upside momentum very much, but there are some opportunities in this mixed action.

Columnist Conversations

KMX is heading for a nice finish. The stock is up just over 2.7% and is one of the top ten gainers in the SP 5...

BEST IDEAS

REAL MONEY'S BEST IDEAS

News Breaks

Powered by

BROKERAGE PARTNERS

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.