|Day Low/High||5.05 / 5.52|
|52 Wk Low/High||2.44 / 15.45|
This trading is starting to create some fairly deep pullbacks.
The bears will have to go back to hoping and whining about the Fed.
Apple and Facebook are driving the market up, even as a post-crash cloud looms over Boeing.
Can they finally put some points on the board?
The main issue facing the bulls right now is that there isn't much support on the chart.
This stock market is doing a nice job of making it tough on everyone.
So far there is no bounce in Kraft Heinz which is not a good sign.
It is never a bad idea to take some partial profits when you have the opportunity.
I'm looking at some low priced 'bottom fish' plays today rather than the momentum trades that worked well yesterday.
The market has wanted to sell-off for a while and finally it is doing it.
The bounce this morning is producing a sigh of relief, but this is going to remain a difficult trading market.
For a long time now one of the most consistent patterns in the market has been buying dips created by negative headlines.
This is a good example of why price movement is more important than fundamental arguments.
Market players simply are not willing to chase solid news like this right now.
The stock's earnings beat and low P/E aren't good enough.
Bloom Energy BE shares surged over 51% in its New York Stock Exchange debut Wednesday