|Day Low/High||97.67 / 102.40|
|52 Wk Low/High||28.88 / 118.13|
Electric car makers, high-growth software firms and select tech companies operating in consumer-facing industries have been bid up to nosebleed valuations.
What the Nasdaq experienced Monday is known not just as an 'Outside Day,' but an 'Outside Reversal,' and these can be dangerous.
Plus, we check in on Peloton and Datadog and the Nasdaq Composite Index.
So far we've seen rather healthy consolidation, but the negatives are gaining more traction Thursday morning.
Plus, quick looks at the presidential line of succession and at ongoing foot-dragging in Congress.
Here's where the shares could be headed now.
Suddenly, both sides realize that they have played politics and the people had noticed. Not those two from Tuesday night. Thankfully.
What We Need Now? Pure and simple. Follow through. Equity markets have to follow through.
When a speculative frenzy involving one set of companies ends, cheaper peers usually aren't unscathed in the ensuing selloff.
Let's check out the charts and indicators of this pandemic outperformer.
The company's backlog of revenue set to be recognized in the next 12 months grew much more strongly than expected.
The headline numbers don't present the full story of what is going on with the equity markets.
Plus, the equity markets suddenly are trading quite listlessly and Applied Materials surprises.
While many tech companies topped their Q2 sales and earnings estimates, some made it clear that they're not out of the woods yet.
If the price action starts to shift and selling gains momentum, then it will be time to take quick defensive action.
It would be better if Jobs Day became Deal Day, and can Congress get its act together before the president acts instead?
Check out the Dow Transports and the Dow Industrials.
While some growth stocks have been bid up to extreme valuations, others could look intriguing if markets see a meaningful downturn.
I expect those that have been missing out to be lurking not too far under the surface.
A weak close will be a key sign that a change in character might be coming.
It has the potential to gain strong momentum as it's mainly a technical trade.
Despite the lackluster action there are some pockets of good stock picking again.
The best thing I see about this market right now is that stock picking matters.
Trump administration taps former GlaxoSmithKline exec as head of vaccine task force, and how I'm playing Walmart and Datadog.
Technically the late-day selling is not a major negative, as plenty of charts need rest.
Investor enthusiasm for richly-valued tech names might not significantly wane until some downbeat business news starts to arrive.
Reopening is the popular phrase now, but the buying is coming in names and spaces that may actually do better if we have a slow uptake of the traditional economy.