|Day Low/High||4.90 / 5.07|
|52 Wk Low/High||3.39 / 7.22|
The risk of another big-cap, FAANG selloff is still quite high, however.
At some point Tilray is going to suffer a very ugly drop, but trying to guess when is like trying to time a slot machine.
In cyclical industries like shipping, real investment returns come from riskier companies during periods of rising industry prices.
With DRYS trading sharply higher Tuesday morning we now have a strategy.
Breadth is better than yesterday, but upside moves are seeing selling pressure.
There are strong indications that the market has indeed recovered.
Breadth has improved quite a bit, but it is a challenge to find new inventory.
Learn to maintain control in such situations.
Prescient cautious calls from Jim "El Capitan" Cramer and CNBC's Dom Chu to avoid DryShips in pre-market trading and yesterday on CNBC! The shares are down $56 to $16 in today's session!
Despite the drama in shippers, we continue to have good action in a number of stocks.
Since the election, this market has been all about themes.
Small-cap Chinese names, like China Natural Resources, posted big gains.
The action in bulk shippers is downright ridiculous, but at least it signals a market more conducive to trading.
And we are off. The market has opened opens slightly lower across the board. We're seeing some profit taking early on in stocks and sectors that have done extremely well since the election. United Rentals , after massive run over the past week, is d...
So many themes, so many rotations: What's a trader to do?
Trying to apply logic to this market isn't working well.