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The main issue facing the bulls right now is that there isn't much support on the chart.
Home Depot stock remains a safe if not particularly exciting play right now for investors, unless the economy really starts to slow.
Trading opportunities have been very good and that is the main thing that matters now.
Just because the stock is still down substantially from its all-time highs doesn't mean that it is still 'cheap'.
So far there is no bounce in Kraft Heinz which is not a good sign.
It is never a bad idea to take some partial profits when you have the opportunity.
When the indices aren't offering much opportunity money flows into individual speculative names.
Weak action is a refreshing change and it doesn't mean the market is going to collapse.
The stock still needs to do more work to be convincing.
It's an interesting story but there are better places for your funds.
Traders are likely remembering what Facebook stock did when Mark Zuckerberg testified before Congress.
It would have been easy to find reasons to sell this stock at various times in the last few months. I didn't.
The satellite radio operator's stock is declining after announcing the purchase of the streaming radio service.
The market has wanted to sell-off for a while and finally it is doing it.
For a long time now one of the most consistent patterns in the market has been buying dips created by negative headlines.
The real reason the stock may be popping after the CEO news.
Market players simply are not willing to chase solid news like this right now.
The stock's earnings beat and low P/E aren't good enough.
There still isn't much leadership or strong momentum but the majority of the market is performing well.
I don't expect to see GOOGL pullback too much as it will be a 'go to' name for institutions that need to put big money to work fast.
The action started a little slowly this morning but market players shook off early jitters and are doing a nice job of building on yesterday's momentum.
The trade war worries that weighed on the market yesterday were totally forgotten today.
Some of the major banks report in the morning and it will be interesting to see how they address this issue.
We are not seeing much in the way of typical holiday speculative action.
Everyone is a buyer of pullbacks when the market is going up but not so much when it's going down.