|Day Low/High||194.00 / 201.03|
|52 Wk Low/High||133.36 / 208.87|
In short, Friday was simply an absolute disaster for the U.S. in macroeconomic terms.
I have had some real success playing volatile names ahead of news events from the short-side, but this is not something I would recommend for newer traders.
Here's why fears of a Dow Theory nonconfirmation signal are over blown.
Plus, an FDA advisory panel gives a unanimous boost to a Moderna booster shot and Boeing slumps on a negative news report.
These guys are aware that the U.S. was energy independent less than a year and a half ago, right?
There's no way to disguise investor sentiment when, for the week, the four defensive sectors easily take the top four slots.
Let's look at the companies that can go up, and the ones that can't.
How Interesting. On Wednesday, market participants rotated out of the un-rotation that had been in vogue for most of April.
Plus, we check in on Peloton and Datadog and the Nasdaq Composite Index.
Markets have certainly recovered nicely off of the lows of late September. Now, here in mid-October, it feels like it did that cold night back in 1980-something. The wolves are visible and noisy.
Next week the June quarter earnings season maelstrom kicks off with 115 companies, including 32 S&P 500 constituents, reporting their latest quarterly results. In recent days we've seen a number of companies up their outlook for the quarter but we'v...
Let's check the GPS and come up with a trading strategy.
Equity markets had a tougher day on Wednesday than immediately meets the eye. And did you catch what Trump said?
Confused by Wednesday's late-day trading action? Some on Wall Street who were too.
These high-quality companies have strong balance sheets and operate in high-demand markets poised to do well through any economic crisis.
I did warn publicly back in another epoch that quantitative easing would lead toward increased consumer level inflation.
Citigroup and Lululemon are on the radar this morning.
As we get ready to transition into Monday afternoon, investor attention will no doubt begin to focus on the earnings gauntlet of about 160 company reports to be had between Tuesday through Friday. Those reports will include 52 of the S&P 500 compani...
Let's review the charts and indicators to round out the analysis.
Much of it occurs when someone jumps the gun, deciding that the headlines must be traded without any knowledge of what is underneath them.
With earnings that lack much optimism, CSX not a good bet for buying on weakness now.
Preventing the U.S. dollar from appreciating too aggressively while repairing credit conditions are 'job freaking one'.
All the key equity indexes are up 16% or more this year, as earnings season starts.
Now is a good time to buy JBHT. Only on Wall Street can the best earnings ever be touted as 'bad news.'