The technical signals for the producer of packaged foods are largely positive and point to litte overhead resistance for its shares.
Most of the media continues to focus on the national response to the coronavirus.
With Tokyo's coronavirus case count accelerating, investors are bracing themselves in case the still-bustling capital goes into lockdown.
A technical strategy for the cyberscecurity giant.
With the faster news cycle and quicker speed of transactions, it makes sense that a market bottom might be reached quicker. But this looks more like a retest than a bottom.
Trying to guess the exact market bottom increases your risk of buying at the wrong time. There is no way to know how much further the market may drop from here.
Now that we're up -- and haven't given it back yet -- I am asked how we can possibly retest with the Fed lending a helping hand ... here's how.
Should growth expectations have to come down for more than a few months due to macro headwinds, tech companies sporting high valuations will likely see multiple compression.
'The Fed has just put the economy in an induced coma, attaching it on fiscal and monetary life support, hoping that when the time passes it can be brought back to life.'
My market thesis remains that the recent strength is just a sizable counter-trend rally that will fizzle out -- and keep an eye on jobless numbers this week.