Calling for a correction at this point is easy, but it comes with a sizable opportunity cost. Ignore the anticipatory bears and stay focused on the individual stocks.
Walmart shares are just too pricey right now.
After choppy week, the big wave upward arrived Friday, but it wasn't enough to float the cumulative advance/decline line to make a higher high or keep the McClellan Summation Index from sinking.
These 'bearish bets' are showing both technical and quantitative deterioration.
But is this market's insatiable drive to be trusted?
What I have found is that the real value of charts is as a trade management tool.
Holiday shopping is big, but so is holiday eating, and here are several names with healthy dividend yields to chomp into.
What is most notable about sentiment is that there isn't much cheering.
These options are dirt cheap.
Though Nvidia's sales guidance was below expectations, management indicates that sales to desktop gamers and cloud giants will be strong this quarter.