|Day Low/High||211.38 / 212.71|
|52 Wk Low/High||137.01 / 220.42|
So what's the narrative? Simple: the recession is ending, it turned out to be a V recession and recovery after all.
What's really driving the market, what's making the Nasdaq roar? Tech and science, that's what.
The market sold off on Thursday after close as big hitters, including Amazon, reported earnings.
Remember the mantra of the show: to teach, to educate, to explain, to put in context and entertain. I know trading. I was one.
Traders could probe the long side of EL on any one to two day dip or minor pullback.
I'm watching the shares of Estee Lauder, Disney and Amazon.
This move by Beijing comes on top of massive injections of liquidity into that nation's financial system earlier this week.
I think, ultimately, the big issue for many will be what happens in the United States if we hear about people who didn't go to China who have come down with the disease.
News that the Chinese coronavirus reached us and the Boeing flop have finally pushed us down, but what if it's short-lived?
We're seeing lots of companies snapping up their peers, and the market is applauding.
This is a new Fed, one committed to growth for all.
I do think that this Fed Chair has learned to be cautious, in reflection of the policy errors made in late 2018.
The price of EL has corrected lower, and if its quarterly report or guidance is better than expected, we should the uptrend resume.
Rest up for a busy week that includes earnings from Apple, Facebook and Starbucks.
Antipathy between the U.S. and Chinese governments doesn't extend to the Chinese people, who have stepped up their American buying just when you would expect a politically gendered collapse of demand.
That the market didn't plummet following the strikes on Saudi oil facilities shows big differences in our economy and reliance on foreign oil compared with just a decade ago.
Emotions and panic must be checked at the door, if you are going to be a successful investor, especially right now.
One has to wonder whether there isn't a wholesale shift in China toward internal consumption and away from exporting.
Let's see what the charts look like today.
Under CEO Fabrizio Freda, the cosmetics giant takes risks and then does the blocking and tackling needed to win in a challenging retail environment.
Estee Lauder is among the companies that are sure winners, no matter which way the economy goes.
Expect EL to trade sideways for a while before pushing up to new highs.
Dealing with fears around the trade war with China and antitrust investigations, investors should know not only if customers are doing well, but also who a company's customers really are.
Only economists and pundits seem to be worried about a pending crash that might never occur.
This is the first time I can ever recall when a president is so attuned to the market that he will bend to its wishes.