|Day Low/High||680.02 / 694.10|
|52 Wk Low/High||360.50 / 704.00|
I didn't like a number of things about today, but fighting the price action isn't the way to make money.
We have to be very careful about anticipating a major reversal rather than just a bout of profit taking.
Earnings season is just getting under way, options expire today -- there's plenty to watch for as this uptrend finds its footing.
Although the market is technically a bit extended right now, that has frequently been a buy signal.
Amid a timid rally, I see potential breakouts for these names -- though better broad action would help.
Playing in the current market is fine, but with volume so light, take quick profits if you get them.
It's not that the market action is bad, it just isn't lively enough to support aggressive action.
Volume was tepid, transports landed on their faces, and we lack leadership.
Some breakouts, like that of Apple lately, cannot be taken at face value -- especially if they lack volume.
EBIX broke out on Tuesday in heavy volume, which hints at institutional buying in this stock.
It's one of the few charts that seems promising, but market volume across the board is barely on life support.
Despite everything they are doing right, these stocks are being walloped.
This is such a time-honored pattern that I am surprised there isn't a short-busters triple ETF by now.
If you took some hard losses this year, here are some strategies for regaining ground.
Money managers are looking for performance as the focus shifts back to stock picking.
I'd like this market better if there were more momentum and a focus on stock-picking, rather than headlines.