|Day Low/High||207.15 / 211.22|
|52 Wk Low/High||122.64 / 218.49|
The news flow is ripe for some selling.
Better trade news could help tech stocks, and could eventually boost oil-infrastructure plays as well.
All of this will likely drive more people toward the remaining non-cell semis, data center and social media.
KLA-Tencor, Microsoft and Intel all report earnings after the close Thursday.
Forward looking valuations, except for Nvidia, are very low.
Latest salvo in China trade war damages tech while higher rates and oil undercut consumer goods and housing.
Execs at Texas Instruments, AMD, Skyworks and other chip and chip equipment firms have had some interesting things to say.
Rotational action is the main theme Wednesday and good opportunities are out there.
I just focus on what I believe to be true and what I understand best.
Compared with Micron, the UBS downgrade of Texas Instruments seems remarkable.
Maybe it's time to look at these stocks individually rather than as a group.
If it weren't for Dropbox this Micron story would be the story of the day.
Though investors are choosing to take profits after a big run-up, Micron isn't talking or acting like a company expecting the good times to end soon.
The Feds accompanying statement came off, to me, as slightly confused.
The whole move up could be erased in a burst of technology stock selling.
And in the heart of the order lies the semiconductor industry. Nothing happens without these guys.
It's not just Gary Cohn putting stocks through the ringer.
I want to watch the VIX before I even play the game.
A tariff that excludes Canada and Mexico I believe would create a wave of jubilation.
New worries? The possible departure of Gary Cohn from Trump's economic team and Friday's payroll.
There are three things I want to listen for, and perhaps focus on, as Fed Chair Powell testifies before Congress.
We cannot forget how important Warren Buffett is to this market.
Management's remarks were good news not just for HPQ, but also for Micron, Applied Materials and other tech titans.
It's funny but there's something at work here that may be stock specific that can trump things.
Now that the coast seems clear, they will fall over each other to reiterate buys and raise numbers.