|Day Low/High||247.05 / 255.87|
|52 Wk Low/High||170.27 / 327.85|
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.
If an investor were dead set committed to purchasing these shares, my inclination would be to wait for the noted type of selloff.
The mobile chip and patent-licensing giant delivered better-than-feared results and guidance, and talked up 5G's expected impact on its chip business next year.
As for pressure on the Chinese side, I think a September 17.8% decline in exports to the U.S. compounded on top of a 22% decline in August speaks for itself.
While this action isn't offering much in the way of opportunities, it is healthy.
OPEC forecasts declining demand for OPEC oil, not a decline in global demand. That distinction is key.
Softbank's founder Masayoshi Son had established a reputation for perceptive decision-making on tech investments. Has the firm lost its way?
Many charts have developed nicely in recent weeks, but now they need to reboot and develop new entry points.
The RMPIA's 3.8% jump even beat the Nasdaq Composite Index's 3.7% October climb.
As the indexes touch all-time highs, remember the challenges thrown at us lately are typical of what bull markets thrive on.
But the question is what the Chinese are going to do to show they mean business ahead of the talks.
Though major chip suppliers shared both good and bad news in October, on the whole the positives outweighed the negatives.
If you are looking for the pain in this exuberant market it is in the names classified as technology plays with market caps between $5 billion and $100 billion.
While its smartwatch business is struggling, Fitbit's fitness tracker and health services businesses are faring better.
The market is throwing a Halloween sale right now that it doesn't need to throw, and that's an opportunity.
Strength in the two tech giants helped to offset poor action in hundreds, if not thousands, of stocks, as small caps lagged and breadth ran negative.
Given the growth of its wearables and services businesses, Apple bundles that combine iPhone upgrades, wearables upgrades and multiple services could be well-received.
There's little about Apple right now that screams short.
In a quarter thought to be a place holder in between a glorious hardware-centric past, and the developing services based business lines, not to mention the coming 5G environment, CEO Tim Cook is to be congratulated.
It looks like Apple once again is proving itself to be a buy-and-hold security.
I do think that this Fed Chair has learned to be cautious, in reflection of the policy errors made in late 2018.
Don't buy what the bears are selling until the market character shifts. Focus on good stock picking.
The Fed cut rates a quarter point and signals friendliness to the market, while Apple and others are making a strong showing.
The Federal Open Market Committee cut interest rates a quarter-point as expected, but some view Fed statement as more hawkish.
Traders can learn from watching, as well as doing, and with the FOMC meeting landing, now's best time to practice the former.