Let's check and see what the charts look like.
Zoom's earnings report had a negative impact on Slack.
We recommend trading AVGO from the long side even with the recent sharp gains.
Time to make the leap from avoiding overvalued assets to actually investing in plays that will benefit from a reversion to fair levels of valuation.
People will still go to work. They just won't carpool and they won't take the train. They will drive.
The good news today isn't being sold but we have to stay vigilant and see if the positive price action continues.
Time to review the charts and indicators.
I don't expect a break up to be announced anytime soon. If that were to happen, I'll add at least $300 to my target price. No joke.
Still, cautionary data signals remain.
Fashion retailer Fossil Group climbed after posting results while downtrodden restaurant operator Luby's surged on the possible sale of its assets.