|Day Low/High||159.02 / 161.67|
|52 Wk Low/High||87.35 / 167.74|
This is a major earnings week, electoral risk is real, the virus is already slowing velocity, and the cavalry (fiscal policy) is not coming. Sometimes, circling the wagons is not the worst idea.
Negotiations on the next round of stimulus, more so than tension between Washington and Beijing, and more so than earnings season, will control short-term financial market performance.
Beyond energy markets and the potential for ancillary fall-out, the S&P 500, and this may be more important from a technical viewpoint, failed to hold that 50 day SMA.
A lot of damage has been done to the charts of the insurance and reinsurance company.
The S&P 500 has added these companies to the Dividend Aristocrats class of 2020.
I don't think any of the takeaways have to do with the political mess in Iowa, nor the 'State of the Union' address scheduled for Tuesday night.
If there was not a sizable addressable market for Beyond Meat, the competition would not be building as quickly as it is.
Also, defense industry names can breathe easier with word of debt ceiling and federal spending deal.
There are ways to invest in the basket of companies that have increased their dividends for years on end that go beyond ETFs; here are a couple of them.
The selloff in Alphabet presents opportunity, and I think this cash machine is ripe for a small long position.
But here are the signs to watch, and how to protect yourself.
The Moving Average Convergence Divergence (MACD) oscillator gave an outright go-long signal earlier this month.
These names are showing technical characteristics of either bullish or bearish reversal patterns over the past week.
Here are some options strategies for this FANG name into tomorrow's report.
Forward looking valuations, except for Nvidia, are very low.
You might actually be grateful that stocks took one on the jaw on Monday.
On the long side, it would be national refiners, with Valero Energy at the top of the list; on the short side, it's the bedraggled oil producers.
It's a wonder to me how split this market really is.
Their overseas business has been carrying them.