• Subscribe
  • Log In
  • Home
  • Daily Diary
  • Asset Class
    • U.S. Equity
    • Fixed Income
    • Global Equity
    • Commodities
    • Currencies
  • Sector
    • Basic Materials
    • Consumer Discretionary
    • Consumer Staples
    • Energy
    • Financial Services
    • Healthcare
    • Industrials
    • Real Estate
    • Technology
    • Telecom Services
    • Transportation
    • Utilities
  • Latest
    • Articles
    • Video
    • Columnist Conversations
    • Best Ideas
    • Stock of the Day
  • Street Notes
  • Authors
    • Doug Kass
    • Bruce Kamich
    • Jim Cramer
    • Jim "Rev Shark" DePorre
    • Helene Meisler
    • Jonathan Heller
    • - See All -
  • Options
  • RMPIA
  • Switch Product
    • Action Alerts PLUS
    • Quant Ratings
    • Real Money
    • Real Money Pro
    • Retirement
    • Stocks Under $10
    • TheStreet
    • Top Stocks
    • Trifecta Stocks
  1. Home
  2. / Investing
  3. / Technology

Stocks Keep Rocking

The market is shredding anyone who challenges the momentum.
By JAMES "REV SHARK" DEPORRE
Jan 23, 2018 | 04:34 PM EST
Stocks quotes in this article: TXN, CREE, AAPL

It is difficult to come up with new ways to describe the unrelenting strength in this market. It clearly is at an extreme level but it is making mincemeat of anyone that dares to challenge the mighty momentum. It will eventually come to an end, but as the old saying goes the market can stay irrational far longer than you can stay solvent.

Weeks ago when I said we need to ride this trend to the bitter end, I didn't expect it would persist this long and be this lopsided. It is a good reminder that it is a mistake to think in terms of what is reasonable when trying to predict the market.

What I continue to find most notable about this market is how many promising charts there are. The indices and some of the big cap names are very extended but when you look at the hot stocks in biotechnology and small cap technology, they are not nearly as stratospheric.

I suspect that it will be some poor responses to earnings that will finally slow down this rampage. I see Texas Instruments (TXN) and Cree (CREE)  reacting poorly to numbers after the close, but there isn't enough of a theme there yet for it to matter. Apple (AAPL) has been lagging the last few days and that hasn't been an issue yet either.

It is hard to not anticipate some market downside soon but, once again, I'll say that you should stay focused on individual positions and let that be your guide to market timing

Have a good evening. I'll see you tomorrow.

Get an email alert each time I write an article for Real Money. Click the "+Follow" next to my byline to this article.

At the time of publication, Rev Shark had no positions in any stocks mentioned. 

At the time of publication, Action Alerts PLUS, which Jim Cramer co-manages as a charitable trust, was long AAPL.

TAGS: Investing | U.S. Equity | Technology | Markets | Stocks

More from Technology

Kass: Time to Introduce a Financial Transaction Tax and End Weekly Stock Options

Doug Kass
Feb 27, 2021 8:15 AM EST

I believe more sensible regulations should be considered and enforcement is needed to adapt to gains in technology.

I'm Intrigued by the Recent Pullback in Aurora Mobile

Timothy Collins
Feb 26, 2021 3:30 PM EST

While the Chinese company is still not profitable, it is cash flow positive.

Nvidia's Decline Doesn't Make It a Buying Opportunity - Yet

Bruce Kamich
Feb 26, 2021 7:54 AM EST

NVDA has weakened despite great fundamental numbers.

Remember, This Ain't Noah's 'ARK,' It's Still Just a Leveraged Tech Fund

Timothy Collins
Feb 25, 2021 12:40 PM EST

Let's put ARKK in perspective with TQQQ and QQQ, as we get all the hype about Cathie Wood and the fund's 210% rise.

Here's My Technical View on Advanced Micro Devices

Bruce Kamich
Feb 25, 2021 11:00 AM EST

AMD's near-term price action troubles me.

Real Money's message boards are strictly for the open exchange of investment ideas among registered users. Any discussions or subjects off that topic or that do not promote this goal will be removed at the discretion of the site's moderators. Abusive, insensitive or threatening comments will not be tolerated and will be deleted. Thank you for your cooperation. If you have questions, please contact us here.

Email

CANCEL
SUBMIT

Email sent

Thank you, your email to has been sent successfully.

DONE

Oops!

We're sorry. There was a problem trying to send your email to .
Please contact customer support to let us know.

DONE

Please Join or Log In to Email Our Authors.

Email Real Money's Wall Street Pros for further analysis and insight

Already a Subscriber? Login

Columnist Conversation

  • 11:32 AM EST JAMES "REV SHARK" DEPORRE

    This Weekend on Real Money

    Navigating a Market Correction
  • 11:29 AM EST GARY BERMAN

    Where Does the Nasdaq Go From Here?

    Where does the Nasdaq Composite (CCMP) index go fr...
  • 12:31 PM EST GARY BERMAN

    Has the Short-Term Top Come for the XLF/Banks?

    The has triggered a long-term overbought signal ...
  • See More

COLUMNIST TWEETS

  • A Twitter List by realmoney
About Privacy Terms of Use

© 1996-2021 TheStreet, Inc., 225 Liberty Street, 27th Floor, New York, NY 10281

Need Help? Contact Customer Service

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

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.

FactSet 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.

Compare Brokers

Please Join or Log In to manage and receive alerts.

Follow Real Money's Wall Street Pros to receive real-time investing alerts

Already a Subscriber? Login