|Day Low/High||8.83 / 9.14|
|52 Wk Low/High||5.80 / 13.79|
I'm skeptical of the rally, but there isn't a negative catalyst ahead.
There were big gains on Wall Street Thursday as the GDP report showed the economy is stronger than expected.
Positive earnings news helped drive stocks higher on Tuesday. The Dow Jones Industrial Average is back above 17,000 after posting triple-digit gains.
This is precisely what has powered the monster moves we're seeing.
Nasdaq leaders fall. The members of Nasdaq's leadership committee -- Apple (AAPL), Amazon (AMZN), Priceline (PCLN), Netflix (NFLX), Google (GOOGL), GoPro (GPRO), Twitter (TWTR) and Tesla (TSLA) -- are all now in the red.
The fluffed-up market caps of GoPro and Mobileye offer insight.
Despite making big moves to the downside during the session, stocks rebounded to close flat on Thursday.
Since everyone may be leaning bearish on GPRO, I outlay a bullish play.
Trouble This news should pressure GoPro's (GPRO) shares today. Unfortunately, I sold out my GPRO puts yesterday, as posted.
Housekeeping item. I am out of my GoPro (GPRO) puts -- the stock acts too well. I will revisit in the next few days.
Trades and bids. I did little today. I covered yesterday's SPDR S&P 500 (SPY) and PowerShares QQQ (QQQ) shorts this morning for a nice gain. Today, I shorted QQQs in the premarket and covered for a gain of close to $0.65 in the late morning. I am ...