|Day Low/High||1,899.92 / 1,939.79|
|52 Wk Low/High||1,626.03 / 2,185.95|
As the indexes touch all-time highs, remember the challenges thrown at us lately are typical of what bull markets thrive on.
Banks are standouts today along with the Bobbsey Twins, Alphabet and Amazon . I continue of the view that the large money center banks provide the single best reward v. risk opportunity of any S&P sector over the intermediate term - in an overvalue...
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.
Throw away the economics textbooks, they are not working.
Making money in the market is much more a function of trade management than market prediction.
The market is throwing a Halloween sale right now that it doesn't need to throw, and that's an opportunity.
Market breadth has reversed recent strength - at 2-1 negative. Former market leaders (e.g., Amazon Alphabet , and the banks) are struggling - and I wouldn't be surprised to see more near term weakness. If we see another day or two of this momentum...
Traders can learn from watching, as well as doing, and with the FOMC meeting landing, now's best time to practice the former.
This is one name that I would not write puts on even though the premiums are attractive.
Visa is playing a big role in the shift to digital shopping -- of all sorts -- and dividend-seeking investors should take heed.
Despite the rhetoric from on high, it is possible to find good stock picks in this market.
The indexes stayed in a narrow range for most of Monday, without any major chasing as some big earnings reports are landing, such as Alphabet's.
The value of Microsoft's JEDI Win goes beyond its direct financial impact.
The stocks of many companies anticipated a more stringent series of tariffs and we didn't get them.
* The next 6-9 months could be challenging for Amazon and Google - with upside/downside generally in balance * After the 2020 election the two stocks could move much higher over the next few years After the cloud business loss (government contract) ...
The odds of a Fed December rate cut are now very low. I think the marketplace handles that just fine, as long as the statement with this week's expected cut does not sound too tough, or too cautious.
Continued speculative interest in individual stocks and small-caps kept a bid under the market most of the week.
Intel suggests the recent slowdown it's seen in demand from cloud clients is ending, and Amazon's latest capital spending numbers support this claim.
What's been most impressive lately has been the overall improvement in the charts.
I believe the disappointment in Amazon will continue, as their mission just becomes more and more difficult to summarize.
* Though guidance was weaker than expected, Amazon is putting more distance between it and its competitors * I continue to expect a "hockey stick" improvement in profits and cash flow two years out * After slashing my position at much higher prices ...
Let's check the charts and indicators for some guidance.
* Unlike Amazon I didn't sell a lot of my position earlier this week * Like Amazon, Twitter's competitive moat seems secure and I am buying this weakness As is now well known, Twitter's 3Q2019 results were adversely impacted by product deficiencies ...
Most important is that the Fed felt the need earlier this week to expand it's minimum offering for overnight repo operations, while also increasing the 14 day repos.
As bulls gain rope vs. the bears, surprises such as Amazon's earnings fire off, meanwhile indicators continue to give mixed signals.
"Just one more thing." - Lt Columbo Amazon Disappoints: * I am shorting PowerShares QQQ Trust and more SPDR S&P 500 exchange-traded fund trust on the very weak guidance at Amazon . * My reduction in my AMZN and Alphabet holdings and elimination of F...
I am heading out to a 4 p.m. research meeting. With the stock +$16/share today, the market seems confident regarding Amazon's EPS report (after the close). But, then again, Twitter was trading +$1/share in premarket this morning before the crappy re...