|Day Low/High||54.78 / 55.48|
|52 Wk Low/High||51.33 / 71.38|
I have had some real success playing volatile names ahead of news events from the short-side, but this is not something I would recommend for newer traders.
Equity markets rallied out of an "almost deep" hole earlier in the day to finish the session close enough to unchanged. The S&P 500 tacked on 5 points or 0.13%, while the Nasdaq Composite picked up 15 points or 0.11%. The Dow Industrials closed down...
But remember I think it's all a snag and one that will be rectified in two ways.
Right now, we are spirits in the Materials world.
Small-caps and mid-caps are still picking first downs on every play, storming back from a badly oversold condition that has just about normalized.
Let's see what makes an 'aisle' of stocks hot and what makes another messy -- and what I'd suggest you put in your cart.
Not only have the indices bounced, but there also has been strong rotation back into growth.
We didn't see much wild rotation, but the Russell 2000 did outperform, and the negative action could prove good from a technical standpoint.
The first step is to recognize what is going on as major indices go one way and speculative stocks go another.
Speculative liquidity has essentially disappeared.
There was some bounce action on Friday that gave traders some hope, but it was quickly crushed this morning.
Closing the gap between the disparate groups is likely to be a very messy process.
Don't fear the taxman, view this one as an opportunity, not a penalty.
When you hear about chip shortage you need to think of Lam. The world needs Lam to add to capacity as fast as possible.
Canada made the developed world's first moves toward normalizing monetary policy coming out of the pandemic, despite the fact that Canada does not seem to be flattening its own curve.
It may seem ridiculous, but you can distill the market down to these two names because they stand for palpable themes.
Word that the French government is locking down activity in certain regions due to a Covid re-emergence shouldn't be ignored.
Here's why the Fed chief will probably be proven dead right in his views of inflation.
After a strong run in the materials company's shares the charts are turning just OK, which calls for caution.
Among other things, the president works to align Democratic senators to support his massive Covid relief bill.
The charts of U.S. Steel, Freeport-McMoRan and DuPont suggest that the surge in their shares may have just begun.
I think investors deserve much better than to say that there's no opportunity for income in this market.
I am talking about themes that can stand the test not of today, or tomorrow, but for all of 2021 and beyond.
After years of being losers how did everything auto catch fire? Simple: the darned pandemic.