• 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
    • TheStreet Smarts
  1. Home
  2. / Investing
  3. / Technology

You Can't Force Action in an Environment Like This

There's no advantage in trying to predict the next move right now.
By JAMES "REV SHARK" DEPORRE
Aug 07, 2017 | 10:59 AM EDT
Stocks quotes in this article: WB, MYOK, NXTM, IWM, QQQ, FB, AMZN, NFLX, GOOGL, TTD, NTNX

The only thing slower than the stock market on a Friday in August is the stock market on a Monday in August. We have more slow, choppy action. There are a few big movers like Weibo (WB) , MyoKardia (MYOK) and NxStage Medical (NXTM) , but breadth is running close to flat and there is little going on beyond a few movers on news.

The Russell 2000 ETF (IWM) is lagging, while the Nasdaq 100 (QQQ) and the FANG names -- Action Alerts PLUS holding Facebook (FB) , Trifecta Stocks name Amazon (AMZN) , Netflix (NFLX) and Google parent Alphabet (GOOGL) -- are exhibiting a little relative strength.

In a slow environment like this, there is greater inclination for money to flow into the bigger caps, while the more speculative small-caps struggle.

My play on this juncture is to not formulate any grand theory about overall market action. I just want to accept what is in front of me, which is slow summer trading. While there are plenty of theories about what the next move in the market might be, I don't see any advantage to making predictions right now. There is no way to know when the tight trading range may resolve itself.

I'm focusing on a few things, like WB, MYOK, The Trade Desk (TTD) and my Stock of the Week Nutanix (NTNX) . I'll keep on digging for some action, but you can't force it in an environment like this. Market players just aren't going to do much right now.

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 was long WB, MYOK, TTD, NTNX, although positions may change at any time.

TAGS: Investing | U.S. Equity | Technology | Markets | Economy | How-to | E-Commerce | Risk Management | Stocks

More from Technology

Solar Firm Sunrun Continues to Run on the Upside

Bruce Kamich
Aug 8, 2022 1:24 PM EDT

Here's what the longer-term picture looks like.

CRISPR Therapeutics' Base Can Support Further Price Gains

Bruce Kamich
Aug 8, 2022 10:58 AM EDT

Let's look at the charts and indicators.

Palantir May Have Its Problems, But Here's a Reason to Like It Longer-Term

Stephen Guilfoyle
Aug 8, 2022 10:30 AM EDT

We know the federal government will be a buyer, as will the private sector, but there are challenges in this environment.

4 Positives for Tech Stocks Right Now...and 4 Reasons to Be Cautious

Eric Jhonsa
Aug 8, 2022 9:30 AM EDT

While earnings season and lower commodity prices have cheered tech investors, the Fed's stance and recent speculative behavior provide reasons for concern.

Momentum Technology Traders Have a Big Day Ahead This Week

Bob Byrne
Aug 8, 2022 8:30 AM EDT

Traders should be aware that there are a number of favorite tech plays that will be reporting results after Tuesday's close.

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

  • 09:24 AM EDT PETER TCHIR

    Jobs Report Reaction: Incredibly Strong, But Questions to Ask

    An incredibly strong July jobs report. Not only d...
  • 08:54 AM EDT JAMES "REV SHARK" DEPORRE

    This Weekend on Real Money

    The Secret to Dealing With FOMO
  • 03:51 PM EDT REAL MONEY

    AMD Second-Quarter Earnings Live Blog

    Real Money's Eric Jhonsa covers 's second-quarte...
  • 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