|Day Low/High||46.11 / 48.54|
|52 Wk Low/High||20.62 / 52.77|
As the OECD builds second-wave pandemic modeling into its economic forecasts, small-cap action has been frothy and the market awaits Fed Chair Jerome Powell's press conference.
Sometimes the best trade from a risk versus reward perspective isn't the one in front of us today, but the one that will be presented to us tomorrow.
It has the potential to gain strong momentum as it's mainly a technical trade.
What is most notable is that the Covid-19 plays are leading again.
This is still a stock-pickers market as pessimists and optimists battle it out.
The action Wednesday was a return to typical bear market trading, as stocks moved in a correlated way.
I may not be a 'true believer,' but the chart setup looks attractive here.
Intraday trends -- relentless trends -- are becoming the name of the game, so let's focus on the rotation from Nasdaq names into the Russell 2000 and financials.
We keep hearing about Macy's, J.C. Penney, Kohl's and others who are in trouble -- well here's why.
The biotech sector doesn't look anything like a bear market.
I would want to give this trade either a long time or look for a quick drop.
I think their sales are sustainable in part because we are scared to go to the supermarket but we know we have to because we can't go out much.
This is still a very difficult market for individual stock picking as the action is strongly correlated.
CHWY and PLAY may offer insights into the effects of the coronavirus crisis on their businesses.
Brace yourself. There is no telling how the algos will react to a shocking employment number.
It's still not a stock picker's market, but have a list of names ready to perform amid the coronavirus crisis.
Things will be different after Covid-19 and one change will be in how people care about themselves.
All three are names that can survive if the shelter-in-place order in various areas in the United States extends post-Easter, and they'll benefit beyond COVID-19.
If this group begins to outperform, then I'd use it as an indication of caution.
There's a pretty good chance that at some point, I will wish that I was longer.
Let's review the charts of this online retailer of pet supplies.
Assuming deliveries can still be made, then CHWY should see its pet business hold tight or even increase.
The fundamental story behind Chewy may be improving but the charts and indicators are not convinced.
The online pet food service looks poised to rise in months ahead.
I'll be looking harder for some January effect plays and one of the prime areas for that is the broken IPOs that are trading near lows.
Will President Trump's administration move ahead with plans to turn up the heat on China in such a way that U.S. consumers for the first time share some of that pain?