|Day Low/High||1,395.95 / 1,417.00|
|52 Wk Low/High||1,008.87 / 1,530.74|
Simple logic suggests that we won't be able to deny the significant economic damage that is being done forever.
There's now a much more reasonable chance the vast opening of American business won't lead to disaster.
What's troubling many underinvested market participants is that there really has been no acknowledgment by the market of economic issues.
The consistency of the Fed's message is what is helping to keep strong technical support under the indices.
As Alphabet and Starbucks report, the long line of releases coming this week and the reaction to them will likely determine where the overall market is headed.
It's imperative that people get back to work, so we have this great compromise -- let's see how it might play out.
Intraday trends -- relentless trends -- are becoming the name of the game, so let's focus on the rotation from Nasdaq names into the Russell 2000 and financials.
Even if you are bullish and want to try to ride the uptrend the entry points are extremely difficult.
* Stocks will likely end the month of April with one of the largest four week rallies in history * Now the "hard part," as a premium will be placed on individual stock selection * The pivot from growth to value may mark a profound market change * Ma...
Our job is to try to embrace the price action as best we can even if we don't see the logic behind it.
Money movers are not buying protection for individual names, but they are starting to bet against the market en masse, while the Russell 2000 ran up 4% on Monday.
One must ask whether the increased speculation is a positive sign as unemployment is at record levels, much of the economy is shut down and reopening is uncertain.
Here's we'll queue up a trade in the QQQ fund as big tech names turn red.
So far, earnings season has not been the obstacle that many have feared.
The problem for index fund owners is they own all three buckets and there are a lot more companies in the third bucket than in the first two.
"Wishin' and hopin' and thinkin' and prayin' Plannin' and dreamin' each night of his charms That won't get you into his arms So if you're lookin' to find love you can share All you gotta do is hold him and kiss him and love him And show him that you...
IT giants are leaning on their balance sheets to convince reluctant customers to make new purchases.
Deutsche Bank takes price target of from $35 to $22, from $280 to $200 and from $1700 to $1500 - all based on adverse advertising spends over the balance of 2020. I recently sold my entire long positions in FB and GOOGL. I have been adding to TWTR.
The S&P 500 is no longer a diversified index.
I sold out the balance of my "growthy" names -- the last one being Facebook today. We know that search term and ads on Alphabet's Google and Facebook have plunged by 20% in the past 30 days. (It's one of the reasons I sold Google as well as a changi...
A reminder that, as of Friday, I am totally out of Alphabet and Amazon - and I have pivoted out of growth into value. I have shorted Apple , which is now priced as a growth stock and is no longer a "value" name. (Apple is my Trade of the Week, short...
It's possible you could wake up to M&A news one day and owning this stock will no longer be an option.
The vast majority of the universe of ETFs are vulnerable to market dislocations.
* I have sold out the balance of my long standing "growth" holdings in Google and Amazon today * And I am adding to my "value" positions in financials and elsewhere As expressed in the chart below, it is clear that the S&P is now more concentrated i...
Amazon and Alphabet have been reduced to tag ends. I am paying heed to the changing near term reward vs. risk, and the chart below:
Paring down some more (a small amount) of Amazon (+$65) and Alphabet (+$8) based on deteriorating reward vs. risk over the short term. Amazon is now +$740 from the 2020 low made exactly one month ago!
* Moved to net short this week Yesterday I added a number of trading short rentals (e.g., and ) and peeled off some Alphabet and Amazon , after taking on a large put position late last week. I start the day net short, but with S&P futures -61 handl...
With each passing year, the amount of silicon being designed by hardware makers and cloud giants keeps growing.