|Day Low/High||14.53 / 15.43|
|52 Wk Low/High||13.33 / 40.87|
Let's check out the charts and indicators for some direction.
Stocks are showing resilience in the face of supplier order cuts from Apple and the trade fight at the G7.
Sharp reversals in momentum names warrant close attention
Avoid trying to predict what's going to happen and just follow the current action.
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.
Buyers have had so much success buying weak opens that they hardly hesitate anymore.
When you hold a position that pops 10% or 15%, you need to be ready to act.
This week is no different. For one, this Friday brings the month of June.
The key is if the stock closes over $40 today or breaks above that level on Monday.
Amazon does not pay you to hold its shares, Walmart does. Room for both in your portfolio?
But I'm managing positions carefully and don't trust the upside momentum very much.
With dip buyers acting automatically when stocks sag a bit, the market simply refuses to go down.
If you want to stay active, you'll have to do more homework.
Here's how to trade four of the most active names on the market Tuesday.
Give dip buyers the benefit of the doubt on Wednesday.
This is one of those days when it may pay to walk away.
Biotechnology is showing little relative strength and oil is up again, but there isn't much going on with themes.
Great traders will bide their time in this environment and then move big and fast when the conditions are right.
The way to win in this market is to stay focused on price action.
Much of today's action is being driven by funds that are positioning for a good start to the second quarter.