|Day Low/High||137.33 / 139.19|
|52 Wk Low/High||93.96 / 140.67|
I'm waiting to see where we are late in the session before making any major buys.
We have some minor strength to start the day but earnings reports this week will be critical.
After what happened to Microsoft stock on its superb report we now have to be a little concerned.
If expectations of a half-point cut had been allowed to build it would have created problems for the Fed.
I'm looking forward to hearing from Progenics Pharmaceuticals and Builders FirstSource.
Taking some profits (+47% on this trade) in Microsoft . Leaving most of position in place. Still sticking with long-term Price Target of $160.
Let's look at the latest charts and indicators.
MSFT's results are justifying its massive market cap.
What the Fed needs to do in July is to cut the FFR by 25 basis points and put the balance sheet management (QT) program to bed two months early.
There is no inclination to fight the Fed right now.
Market sparks up on new comments raising hopes of deeper rate cut and Microsoft earnings beat.
Coming up after the close, we have a decent number of earnings reports coming at us -- a bit smaller than this morning but there are still some key ones to pay attention to including Microsoft . Here's the full list: Bank OZK Bright Scholar Educatio...
It's a stock picker's market as action in individual stocks is better than on the indexes.
I don't expect to see the bears and shorts press too hard right now but there isn't going to be much upside momentum.
And just why do we have a federal debt ceiling, anyway? An argument for doing away with it.
There are still stock-picking opportunities, but tighten stops and don't let losses build.
Breaking down the impact on Facebook, Alphabet and Amazon of congressional hearings.
Traders and investors were disappointed recently when the IT company did not raise guidance and that weakness does not look like it has run its course.
MSFT could continue to impress on the upside, but a break of the late June lows will weaken the chart.
This matters: Why the sudden 'weakness' across European debt markets?
The indices are in good shape technically, although there was choppy and inconsistent action under the surface Thursday.
But trading calls and puts in Amazon requires you to know your risk tolerance big-time.
The deal drives home the importance of cutting-edge optical component and module technology to networking hardware vendors. It also might strengthen Cisco's sales pitch to cloud giants.
These top picks rose between 22% and 55% in the first half of 2019.
Coming over the wires, Electronic Arts got a price target bump to $130 from $116 at BMO Capital Markets following positive reaction to Apex Legends season 2 previews, post-E3 buzz around Respawn's Jedi: Fallen Order, and new Volta Street mode in FIF...
A subset of tech is expensive, as well as tech IPOs, but the majority of sectors are far from overvalued.