|Day Low/High||44.85 / 46.93|
|52 Wk Low/High||31.42 / 62.18|
With the jobs news pending, we may see some machine action whip things around.
Traders aren't convinced the economy is strong enough to justify anything other than token rate hikes despite hints of Fed hawkishness.
We might be moving toward a market-timing environment, but not today.
Stocks such as YRD, ACIA and TWLO typically have buyers anxious to catch another ride.
The indexes' positive tone shifted in the last two days.
The indices, while solidly positive, closed at the intraday lows. That is highly unusual in this market.
S&P closes near the lows of the day as momentum names get hit.
I try to make a conscious effort to find positives, even when I'm not feeling optimistic.
Mergers have biotechs and semiconductors up, but I'm looking elsewhere.
Overall, this is still a good environment for stock picking.
This approach lets you manage your emotions while aggressively pursuing the most-favorable positions.
Don't fight speculative action that keeps sending prices higher.
The sudden dearth of momentum will give us some good opportunities, but watch accounts closely.
One is a "sell the news" stock, the other is selling on negative news.
Valeant soars as short thesis gets debunked, and Twitter could be close to teaming up with Apple.
This is what I cut my teeth on, but it's fallen out of favor, undeservedly.
It is often at this phase that you make the biggest gains by pressing.
Make sure you protect those outsized gains; this is a great market for stock picking.
It's all about stock picking rather than market timing.
Global Blood Therapeutics is a good example of how tracking a chart and waiting for a setup can work well.
Don't try to be the hero who calls the exact turning point, because that's an expensive game with few benefits.
Quotient Technology is ready to break out, and these other picks are already big winners.
This choppiness and thin trading is making it tough if you don't catch a move right away.
I'm not inclined to make market calls, but the action on my screen is pushing me to a defensive stance.