• 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
    • Bruce Kamich
    • Doug Kass
    • 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. / Energy

Wake Me When The Market Regains a Pulse

Biotechnology is showing little relative strength and oil is up again, but there isn't much going on with themes.
By JAMES "REV SHARK" DEPORRE
Apr 12, 2017 | 11:06 AM EDT
Stocks quotes in this article: MOMO, PLSE, AXON

If the old saying about how it is dangerous to short a dull market is true, then we should see plenty of upside soon because it isn't much duller than this. It is absolutely dead out there this morning. Breadth is running about 2,300 to 3,800 negative and there are about 125 new 12-month highs.

There are a few momentum plays such as Momo (MOMO) , Pulse Biosciences (PLSE) and Axovant Sciences (AXON) on my screens, but it is extremely limited action. Biotechnology is showing little relative strength and oil is up again, but there isn't much going on with themes.

The pattern lately has been very slow starts and then some later-day strength. That has been so common it may be self-fulfilling. Why not jump in with a tight stop and catch the inevitable afternoon strength? When it stops working things can become quite ugly very quickly, but that doesn't seem to be an issue at this point.

When the market action is this slow, it is very easy to do stupid things. Traders like to stay busy and they will take some questionable setups when there isn't much to do. I often find myself selling things prematurely due to boredom.

So far the dip buyers aren't doing much. We have the reverse of yesterday, with the small-caps lagging while the senior indices hold up better. Until there are some strong emotions in this market, there aren't going to be many trading opportunities.

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 the stocks mentioned.

TAGS: Investing | U.S. Equity | Healthcare | Energy | Markets | How-to | Risk Management | Stocks

More from Energy

An Oil Spill on Wall Street

Helene Meisler
Jul 6, 2022 6:00 AM EDT

All those bearish energy charts that I have been harping on finally fell. Let's check under the hood ... and see where the dripping is coming from.

What's the Next Move for Crude Oil?

Bruce Kamich
Jul 5, 2022 3:30 PM EDT

A temporary break in oil prices, along with lower interest rates, could be a near-term positive for equity prices.

As Oil Hits the Fan, I See a Trading Opportunity

Mark Sebastian
Jul 5, 2022 2:48 PM EDT

Let's look at how to play Devon right now.

Exxon Mobil Could See Its Shares Decline Even Further

Bruce Kamich
Jul 5, 2022 10:40 AM EDT

Let's check out the charts.

This Energy Play Should Turn Out A-'OKE'

Bret Jensen
Jul 3, 2022 7:30 AM EDT

Let's learn how to make an enhanced yield trade in Oneok.

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

  • 12:01 PM EDT PAUL PRICE

    A Recent Director Buy in Children's Place (PLCE)

    Four of the most recent insider trades in Children...
  • 07:34 AM EDT PAUL PRICE

    A $525,000 Vote of Confidence on Macerich (MAC)

  • 09:49 AM EDT JAMES "REV SHARK" DEPORRE

    This Weekend on Real Money

    Stop Wishing, Hoping, and Praying and Take Control...
  • See More

COLUMNIST TWEETS

  • A Twitter List by realmoney
About Privacy Terms of Use

© 1996-2022 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