|Day Low/High||652.04 / 665.00|
|52 Wk Low/High||420.78 / 673.88|
This is some sort of whacky, crazy bull market that just doesn't want to go down.
What happened today is a recognition by money managers that they are paying too much for the drug and food stocks and too little for the building block techs.
This shutdown is starting to feel different from those that we have experienced in the past, is it not?
The RMPIA index was up for the year, while the S&P 500, DJIA, Russell 2000 and Nasdaq all finished 2018 in the red.
Whether this is the end of the slump is still up for debate, but the crash since October has been brutal and all bear markets end the same way.
The Fed now appears to me, to be if not in the 'policy error' zone than very close to it. Perhaps the Treasury Secretary sees this as well.
Buoying RMPIA during the first half of December were shares of Broadcom, Facebook and PayPal.
As the market has encountered a bit of volatility and tech stocks began to falter overall, many cloud companies have outpaced the market on the way down.
Unimpressed Equity markets headed lower as the regular Friday trading session extended into it's second and third hours. The way down has been led, not by Adobe , not by Costco , but by Johnson & Johnson . I have been known to make limited attempts ...
Let's take a technical look at the shares and come up with a trading strategy.
With the growth drivers available for Adobe, the recent downturn in shares is only more enticing to many following the stock.
The pricey acquisitions of Marketo and Magento become an easy scapegoat for the stock's slide on Friday.
As Draghi pulls the rug out from under continued expansion of money supply, he will have to sound very dovish in doing so.
For many traders this new reality has clashed with their entrenched understanding of risk.
As far as fiscal policy... yeah, that's still unsustainable. No change there.
Salesforce could become the fastest enterprise software company in history to cross the $16 billion threshold.
Secular demand is sending software stocks like Salesforce cloud-bound.
Our index of 30 cutting-edge companies fell ... but not as much as the Nasdaq did.
This game is as much about sticking to one's designated set of disciplines as it is about having good ideas.
For those that missed legendary investor Leon Cooperman on CNBC just now, here's a quick summary of what he had to say: - He expects a broadening of market strength in a recovery (not led by technology). - Does not expect Fed tightening to be an iss...
The indices need to find support and we need some better pockets of strength.
Once again IBM reported a disappointing quarter with declines in its Cognitive Solutions and Technology Services & Cloud Platform - these declines compared to reports from others, like Adobe , do not inspire confidence in the company some used to ca...
If macro matters dominate again it is going to be rough going.
I am unimpressed by the latest earnings report. Despite good subscriber growth, fundamentals look weak.