|Day Low/High||142.42 / 146.48|
|52 Wk Low/High||79.78 / 153.99|
There is likely more headline risk to our front than to our rear.
John Flannery sees progress being made on GE's initiatives, but that is what I expected him to say.
On the whole, tech stocks had a solid earnings season. But many richly-valued names sputtered despite releasing decent numbers.
Recent earnings reports from IBM, Intel and others suggest cloud infrastructure demand is still taking a heavy toll on IT hardware sales. That is, outside of one market.
Take a look at the five biggest gainers on the S&P's Information Technology sector in 2016.
Both private equity firms and tech companies have shown a willingness to make 10-figure enterprise acquisitions. The fervor appears far from over.
This is what we need to stop treading water and move this market to a tradable low.
Can you guess which six stocks these are by looking at their charts?
Lately, we've seen a complete repudiation of the concept of 'Don't Fight the Fed.'
A former momentum stock, FFIV is struggling to become relevant again to traders.
Message from Fred Hickey's The High Tech Strategist newsletter -- the global information-technology market is "sucking wind." Stated simply. Hickey's largest long exposure is still in silver- and gold-mining shares. Among his shorts are puts on Inte...