|Day Low/High||147.18 / 148.61|
|52 Wk Low/High||100.35 / 153.41|
It's a too true to be good moment. We need a shakeout. That should get the market where it has to go.
At a time when many quality tech companies are staring at huge 2019 gains, spotting good deals takes a bit of effort. But it's by no means impossible.
I am offering (slightly above last sales) shorts in , , , and . I am bidding (slightly below last sales) longs in , and .
Plus, we check out the latest negative headline on Boeing.
Meanwhile, the mighty Apple continues to provide steady support.
Headline blur. What channel to watch? Who to listen to in real time? How to trade it? Should you trade it? Is anyone even trading anything?
The indices continue to consolidate, but concerns of stalling action are building.
Stocks go higher as bump in China-trade talks turns into bounce-back, and better charts begin to emerge.
It was a quiet day for the Averages but there was plenty of action underneath - in the relentless assault to higher levels: * Breadth, at 3:15 pm was -150 on the NYSE - steadily improving from the early morning. * Bonds rose in price and dropped in ...
Sometimes discipline "trumps" conviction. I took most of my loss in the Disney short in order to "live another day."
Despite its combination with Viacom, CBS has been a weak contender in the media world, and now is stacked up against offerings from Disney, Netflix, Apple and others.
Users of Disney's new streaming service are encountering glitches across a variety of devices. But when the service functions properly, there's a lot to like about it.
Things that make you go hmmm ahead of the Viacom merger.
Plus, a glance at news about Disney+, Boeing's 737 Max and Alphabet's "Project Nightingale."
Google's Project Nightingale exemplifies the headline risk facing big-cap tech names.
Another day in which the market bent a bit but didn't break: * At 3:30 p.m. market breadth is moderately negative (1,288 advancers, 1,677 decliners). * Bonds were virtually unchanged after the schmeissing last week. * Gold -$5/oz and crude oil -$0.3...
DIS is one of the best in creating worlds. That separates it from other media companies.
Checking the charts again after the House of Mouse's latest numbers.
Market leadership outside Apple, big banks, and now, Disney, is nearly nonexistent.
There are four possible headline risks that could put the kabosh on these markets.
* I covered some of my Disney short on the better EPS report, but added more shorts back as the stock climbed rapidly in after hours. I will have more on Disney later, but I am running out of the office shortly. Here is the Monarch Notes edition: D...
* The market's highs were made early and the low was made late - demonstrating some exhaustion. * Breadth steadily decayed as the day progressed (At 3:30 pm 1330 advancers, 1630 decliners) See Bob Farrell's remarks on breadth! * The key feature of t...
With near-term expectations high, a disappointing Q4 sales outlook is overshadowing Roku's strong account and usage growth figures.