|Day Low/High||372.23 / 378.62|
|52 Wk Low/High||192.58 / 375.78|
If one of the 'Big Five' lets go of their side of the rope, this market could turn ugly fast.
What's really driving the market, what's making the Nasdaq roar? Tech and science, that's what.
Leading the RMPIA were Apple, Amazon, Facebook and PayPal.
Let's review the charts and indicators.
Don't just follow the herd, time your exits and entrances well -- even if it is a big player like Warren Buffett that is leading the charge.
"The more things change the more they are the same." - Grandma Koufax The thing about Financial TV is that you rarely hear about mistakes - and there is nearly always limited followup to investment boners. As an example, Caterpillar recently traded ...
Consider this options trade as AAPL's strength seems overdone in this environment.
* Back to between small- to medium-sized net long * We are now exactly at my intrinsic value calculation for the S&P Index I have covered my medium sized short on the whoosh lower: And, as I suggested on Friday (when I sold out about half of my puts...
Not only did Buffett completely dump his position in airlines but he noted that he was unable to find attractive ways to put his huge cash holdings to work.
This contraction has been dramatic and unpredictable -- and best outcomes cannot be driven solely through economic creativity.
Many market players will now be watching the S&P 500's 50-day simple moving average of 2758.
Thanks for reading my Diary today and all week. It's been a long five days and I am going to sign off early. This has been a difficult period for many and I have tried to unemotionally explain how I am navigating and coping with the markets (and lif...
New products, stimulus and remote work/learning purchases are currently boosting Apple's sales. But a healthy macro recovery could be needed to keep the momentum going later this year.
AMD has fabulous chips in great categories with fantastic customers. Things will only get better. That's why of the three I think you can start buying this one on Monday.
Our challenge is to trade something not seen for a while.
Traders should be celebrating this action as it will give us a fresh crop of opportunities.
It seems all the fears and worries that caused this bear market in the first place do have some basis.
*As I wrote yesterday, "Sell In May and Go Away" "Can't touch this Look man u can't touch this You'll probably get hyped boy 'cause you know you can't u can't touch this..." - MC Hammer, You Cant Touch This This morning, S&P futures are -63 handles ...
The market sold off on Thursday after close as big hitters, including Amazon, reported earnings.
Unemployment and buying news put a damper on the action, but it is Amazon and Apple earnings that will determine short-term sentiment.
I have no clue why Apple is gapping higher, given the reported metrics, the absence of guidance and the (in line to expectations) $50 billion share buy back increase and dividend increase. I added to my short at $299 in after hours.
Amazon beats on top but disappointed on the bottom. Product-wise AWS didn't fulfill the more optimistic expectations. Given the superior share price appreciation -- which lowered the upside/downside over the near term (and led me to recently sell t...
Think you're diversified? Understanding what you are investing and trading in is key.
This is a lower probability trade, but with the coiled price action around BA, it wouldn't take much to spring this one to life.
The earnings tonight from Amazon and Apple are the most important of the quarter.
While the power of the Fed is unquestionable, there will be issues that liquidity simply can't fix.
Market leadership may be lacking on Thursday despite rising trading volumes, plus an update on Apple, Microsoft, Mastercard, Amazon and Gilead.