BABA's China-driven declines have been buying opportunities.
Let's weigh all the technical evidence.
We are seeing a relief bounce Wednesday morning but technical conditions suggest it can't be trusted.
If your goal is to ratchet up trade tension? There couldn't been a better moment, hence one of the worst moments for the stock market since the trade battle began.
It is this dependency on news flow that is making the market so challenging to trade lately.
Is there room for three names in the workplace communication sector?
So far the selling is unrelenting and there is no choice but to stay out of the way and wait to see if some support may hit.
My overall market posture has been one of leaning toward the defensive. I have no intention of making this stance permanent.
Lower interest rates has already been priced into the markets, and these 3 stocks report next week.
Bears are loaded with ammunition to take this market down but the hope for some progress on China has held them off.