|Day Low/High||65.86 / 68.01|
|52 Wk Low/High||10.63 / 136.50|
The acceptance by corporate America and the rest of corporate earth certainly makes knocking bitcoin off of its pedestal more difficult.
While earnings season has mostly yielded good news from tech companies, markets are clearly starting to become more uneasy about high valuations and macro risks.
I'd keep my eye on strength outside of earnings, and CRSR has been strong.
If a tech company can sell a narrative of runaway long-term growth, it's getting richly rewarded. But if the narrative starts getting questioned, things can turn ugly in a hurry.
FSLY has incredible upside skew, meaning calls are super expensive relative to at the money options.
Traders have to know not only if one of their holdings is reporting, but also if an influential name in the sector is reporting.
I'd give some time to a SCCO trade and go out to December or January with a $50 call.
It is unproductive to miss out on the current positive price action because you instead are focused on what may happen weeks or months from now.
Opportunity flowed like honey as bad news came out about the pandemic, stimulus and stocks like Fastly, but still no traction for the bears.
Fastly is a good example on how post-earnings reactions/performance may be 'leveraged'.
I don't think it's time to step in and be brave unless speculation is one's game.
So far we've seen rather healthy consolidation, but the negatives are gaining more traction Thursday morning.
Fastly's big run-up in the weeks prior to its warning is a cautionary example of how many tech stock moves have had little to do with an informed analysis of a company's fundamentals.
Technically the selling action has been contained, but there are some reasons to be careful.
Some patterns reveal themselves easily, and you can spot them ahead of the computer programs. Here are examples of them, and how to act.
It looks like the Nasdaq 100 names have finished much of their correction and now it's the small-cap names' turn to take a hit.
Here I'll show you why it's time to take profits on growth favorites that make no sense on fundamentals. I'll also show you where to put your money instead.
Let's take a close look at one of the best-performing stocks since the pandemic.
The headline numbers don't present the full story of what is going on with the equity markets.
The charts and indicators on FSLY are mixed, so let's slow down and examine them.