|Day Low/High||0.00 / 0.00|
|52 Wk Low/High||163.60 / 344.32|
Stephen 'Sarge' Guilfoyle says tech is still a play, even with some of the big names getting 'wobbly.'
Why the XLK is holding up better than most tech names.
Here's what could make the longs become more aggressive sellers.
When the market turns like it has today, there's a clear pattern you can use to buy into stocks on your list.
If Lam doesn't blow the numbers away and say it is still too hard to meet demand, then I think it can get hit.
With semiconductor stocks, you must get them while they're hot.
I expect each day will be a trend unto itself, and some days will cancel out others.
Bull markets tend to die from bond market competition, recessions, rate hikes or too much supply.
You have a bit of a hodge-podge of low-multiple winners and higher multiple companies with fairly certain earnings prospects.
If you don't want to sell short or stalk a bounce, do nothing until the Nq is closing back above the 20-day MA.
Many tech names were shaken Tuesday.
This market has diverged from some of its usual patterns.
The handwringers will be out in full force. Their fear creates buying opportunities.
They are easier and less contagious than the techs, and the polar opposite of the banks.
Industrials try to fit through narrow openings.
It's a wonder to me how split this market really is.
If you must buy now, then go for a low-cost index fund or stocks with strong fundamentals.
Thanks to several trends, business is booming for equipment makers. But a lot has been priced in and some potential headwinds exist.
We know that we are in the era when index managers are ascendant.