|Day Low/High||220.53 / 222.29|
|52 Wk Low/High||142.52 / 222.63|
A reminder that I recently: * (Reluctantly) pared back my very large positions in Citigroup , Bank of America and Wells Fargo to medium in size * Eliminated Facebook * Reduced from very large to medium in size in Alphabet and Amazon
* 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...
A few weeks ago I sold my entire Facebook position. This week I have noted the renewed technical weakness. That weakness continues today. We all know the old trading adage, buy stocks that are green in a sea of red and sell stocks that are red in a ...
* A "snoozer" * Good overall action in the face of possible snags in the U.S./China trade negotiations. * But volume is light and programs mainly moving the markets. * Breadth almost flat and little movement in the Indices. * Gold rallied (+$8/oz) a...
The RMPIA's 3.8% jump even beat the Nasdaq Composite Index's 3.7% October climb.
Stemline Therapeutics and Entercom Communications seem to have stabilized after notable declines late in the summer.
Most of these names are smoke and mirrors, with the elusive profit objective often years away.
Here's how to get in on the trade if it can hold on a pullback to the Oct. 22; also if Facebook's price holds above $186, expect it to go higher.
Check out the charts of FB. You may like what you see.
If you are looking for the pain in this exuberant market it is in the names classified as technology plays with market caps between $5 billion and $100 billion.
A good third quarter is overshadowed by ugly guidance for the fourth quarter and beyond.
Hong Kong's economy was already suffering before this summer's demonstrations, but consumer businesses have been hit hard by five months of chaos.
Making money in the market is much more a function of trade management than market prediction.
The social media giant just signaled that its revenue growth won't slow significantly next year, as it continues better monetizing its stories services.
The market is throwing a Halloween sale right now that it doesn't need to throw, and that's an opportunity.
Strength in the two tech giants helped to offset poor action in hundreds, if not thousands, of stocks, as small caps lagged and breadth ran negative.
Jack Dorsey has sparked a strong debate among my clients and myself.
I do think that this Fed Chair has learned to be cautious, in reflection of the policy errors made in late 2018.
Don't buy what the bears are selling until the market character shifts. Focus on good stock picking.
The Fed cut rates a quarter point and signals friendliness to the market, while Apple and others are making a strong showing.
As always, it was good to sit in for Doug Kass here on the Daily Diary today. Stocks ended modestly up across the board as the Federal Reserve cut interest rates as expected -- even as it is more likely the central bank might be on "pause" for a whi...
Traders can learn from watching, as well as doing, and with the FOMC meeting landing, now's best time to practice the former.
Markets are watching what Fed Chair Powell will signal for future rate cuts during this afternoon's FOMC rate decision.
This is one name that I would not write puts on even though the premiums are attractive.
The stocks of many companies anticipated a more stringent series of tariffs and we didn't get them.
* The next 6-9 months could be challenging for Amazon and Google - with upside/downside generally in balance * After the 2020 election the two stocks could move much higher over the next few years After the cloud business loss (government contract) ...
Continued speculative interest in individual stocks and small-caps kept a bid under the market most of the week.
Rest up for a busy week that includes earnings from Apple, Facebook and Starbucks.
Intel suggests the recent slowdown it's seen in demand from cloud clients is ending, and Amazon's latest capital spending numbers support this claim.