|Day Low/High||22.56 / 24.03|
|52 Wk Low/High||14.35 / 46.23|
Action like yesterday helps to create new opportunities.
We'll see how things develop but today may simply be a healthy bout of profit taking after a good run.
There are likely to be some good opportunities developing as this profit taking accelerates.
I am looking to buy strong stocks on pullbacks in this sort of action.
Chasing high-flying stocks can be nerve racking unless you follow these guidelines.
Until that action dies it is difficult to be too bearish.
The first big question this morning is whether the trade war issue can gain some traction or whether the dip buyers get to work.
Traders are buying them just because the stocks are up, but that can quickly reverse.
We have some softness in the early going, but for now I will maintain a bullish bias and focus on individual stock picking.
Big cap names traded flat, but tech and momentum plays saw gains.
All of these companies would be losers from a trade war focused on intellectual property.
There was a brief bout of volatility on the Fed news yesterday but it seems to have been forgotten already.
Market responds to G-7 fracas with second and third level thinking, rather than knee-jerk sell off.
Stocks are showing resilience in the face of supplier order cuts from Apple and the trade fight at the G7.
Small-cap stocks in the cloud are looking strong for the rest of the year.
Sharp reversals in momentum names warrant close attention
The bulls are much better at this momentum thing than the bears.
The Russell 2000 ETF has hit a new high and China-related stocks are showing strength.
For all of Tuesday's market drama, the results probably weren't as bad as the Dow indicates.
The key right now is to keep looking for those trading opportunities.
Dip buying tends to beget further buying as anxiety grows over being left behind.
It's difficult to find many stocks worth buying in this market.
Not every trade can be a winner, so let's lighten the load here.
While none of the FANGs offers a company-sponsored DRIP, the CIMBAs offer direct-purchase plans and a way to play technology.
This is a good time for a buy-write trade on the Chinese streaming video name.