|Day Low/High||264.23 / 266.49|
|52 Wk Low/High||142.00 / 265.78|
Meanwhile, the mighty Apple continues to provide steady support.
The indices continue to consolidate, but concerns of stalling action are building.
Stocks go higher as bump in China-trade talks turns into bounce-back, and better charts begin to emerge.
While the TA shouldn't change your fundamental view, it can assist with entry, exit, and risk management.
Despite stories of questionable use of health care data, my concern with GOOGL is technical: We need a retest of $1,250 to $1,275 before we can move significantly higher.
Let's review the long-term bullish case for this FANG stock.
Apple seems to function as a de facto money market account these days.
A pullback now would be very simple, easy and logical, but the market seldom makes it simple, easy or logical.
Despite its combination with Viacom, CBS has been a weak contender in the media world, and now is stacked up against offerings from Disney, Netflix, Apple and others.
The continued push of the major indices toward all-time highs is occurring despite mediocre market breadth.
Plus, a glance at news about Disney+, Boeing's 737 Max and Alphabet's "Project Nightingale."
Google's Project Nightingale exemplifies the headline risk facing big-cap tech names.
There are always various trends at work in the stock market and they often have little to do with the movement of the major indices.
Everywhere I go I hear the smart money is betting on a recession, that earnings will be down, but every day something contradicts these bears.
Compared with prior Singles Day events, Alibaba got a bigger sales lift this year from 'lower-tier' Chinese cities, and saw stronger promotional activity from big brands.
Back to see a nice recovery in the Indices (surprise, surprise!) led by Apple and Boeing .
The Chinese e-commerce giant crushes even Amazon Prime Day, but it still needs some political wins to get where it wants to go; here's how to play the stock now.
At some point the market's inconsistency will resolve itself either way.
Caterpillar is a prime example.
While U.S. and Chinese firms are trying to fully disengage with each other, many are trying to guarantee that they have options should economic tensions worsen.
Quite a few loud bears are predicting downside but that seems to work as a contrary indicator.
For a market that is this close to all-time highs there's a remarkably poor ratio of new highs to new lows.
Let's see if the charts are overbought or if there is still room to run.
Market leadership outside Apple, big banks, and now, Disney, is nearly nonexistent.
But the indexes are still in good shape, as the main problem lately has been in individual stocks.
With near-term expectations high, a disappointing Q4 sales outlook is overshadowing Roku's strong account and usage growth figures.
But despite earnings beat, guidance was a bit soft for the tech company.