|Day Low/High||85.16 / 87.51|
|52 Wk Low/High||33.30 / 95.32|
Prices are still in an uptrend, but the IAC's On-Balance-Volume line has been diverging from price for four months.
The market action is creating some mis-pricing in individual stocks. But if the market stays under pressure then stock picking will remain difficult.
The uptrend that technicians would have confirmed as late as last Wednesday, or even Thursday around mid-day, is now clearly a market in correction.
While regulators would face an uphill fight trying to fully break up tech giants, they could push for the companies to change their business practices in a number of areas.
These technology picks remain big favorites for the second half of 2019.
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.
For those trading the FANG or FAANG names, and especially Facebook, Tuesday sets up as a day bearing exceptional levels of headline risk.
Let's see what the charts and indicators look like this morning.
The market can still go higher, but the time has come for the slope of price discovery to normalize a bit.
Mike Cintolo and Jim Woods saw their top picks for 2018 rise 81% and 75%, respectively.
We're all hurt someplace and we're all looking for a painkiller." - Katherine, Looking For Mr. Goodbar As I have previously remarked there is an old trading adage that long trading opportunities often occur in stocks that are green in a sea of red....
Who are, and what are football stocks?
I don't see strong technical evidence to probe the long side at this time.
Time to ring the register on our speed date with MTCH and our spring romance with TTD.
U.S. markets had a strong day of trading Wednesday, closing the day in the green across the board.
FB will likely have no impact on MTCH in 2018, more likely in the middle of 2019 or even 2020.
If you own these, seriously consider locking in gains before they become the next casualties of war.
Six formerly hot stocks that crashed and burned -- and three still too hot to touch.
From a technical perspective, we're witnessing a solid breakout from a bullish flag formation.
IAC spins off Angie's List into a separate, publicly traded company that also includes HomeAdvisor. The media giant has also spunoff its Tinder and Match business, along with Expedia in recent years.
Match Group was started with an "overweight" rating and price target of $21 at Piper Jaffray on Tuesday.