|Day Low/High||287.51 / 298.13|
|52 Wk Low/High||99.01 / 353.55|
It looks like the Nasdaq 100 names have finished much of their correction and now it's the small-cap names' turn to take a hit.
Charts of COUP began to erode in early July and share prices have broken below chart support.
Plus, an early look at third-quarter earnings expectations and an admonition to heed the words of Arthur Cashin.
Here's snapshot of the corporate earnings reports to be had next week: Tuesday, September 8: Calavo Growers ; Coupa Software ; Lululemon Athletica ; Slack . Wednesday, September 9: American Eagle ; G-III Apparel ; HD Supply ; Navistar . Thursday, Se...
If financial markets any indication, a lot must be expected from Fed Chair Powell Thursday morning. Plus, two guys to never bet against.
There is plenty of chasing of the strength which is an indication that FOMO is in overdrive again.
In both 2000 and 2008, many smart investors bought into bullish narratives about high-growth companies that ended up falling apart.
While we face some absolutely insane moves, we have to ask: Where are the sellers?
Airline stocks led the rally last week and are still going strong, as market reopening continues and employment data is mixed.
Traders could go long or add to longs at current levels.
There are simply an immense number of health and technology and safety companies coupled with businesses that thrive when you have to stay home.
Company is scheduled to report its latest earnings after the close Monday.
The mattress maker's dismal IPO should discourage other money-losing unicorns from going public and should promote a more disciplined environment.
This is a market that thrives on certainty. We got it Friday.
Let's check out the charts of COUP and see which outcome looks most likely.
I do expect there to be some early to mid-December profit taking. But to get from here to year end without hitting some mid-month turbulence would be a pleasant surprise.
Broadening patterns are interesting and somewhat difficult to handicap.
The momentum in the broader market is not that strong and the rotational issue continues.
The growth investment community is abuzz with the idea that the great growth story of the era -- software-as-a-service -- is at an end.
Rather than focus on trying to catch stocks that are in freefall, look for those that are showing some positive relative strength.
The most notable characteristic of this market right now is disinterest.
A key indicator shows a shift of late from aggressive buying to aggressive selling in the cloud software name.
These three names - GD, MRK, WMT - will either hit resistance or hurdle immediate pivot points in as traders (or bots) try to form a technical breakout.
Stocks that rip higher in parabolic fashion are incredible until they are terrible.
The endless rally needs fuel, and without it, you end up with what you got Tuesday, a soggy session that was hit from the cloud, Beyond Meat's chill, and big merger uncertainties.
Markets are still willing to pay top dollar for high-growth software names that meet or beat their high expectations. But they're proving remorseless to the growing list of firms to fall short.