|Day Low/High||127.72 / 129.90|
|52 Wk Low/High||60.00 / 131.34|
* Are you spinning your wheels and trading too much? * Non-stop trading is a mug's game * So, don't catch the "Stock Trading Jones" * Stop dribbling and read and think more! With stock commission down to or close to zero I have noticed a lot more tr...
I don't pick stocks on politics, but was shocked to see how a majority of our Action Alerts PLUS holdings would perform if Joe Biden wins the White House.
Let's check out both the stocks that are going strong -- even without a stimulus -- and what I call the nascent bull markets.
The RMPIA rose 13.8% during the quarter, leaving it up just shy of 29% on a year-to-date basis, thanks to performance by CRM, AAPL , NKE and TMO.
This does not mean that prices cannot go higher but it is a short-term warning message.
What would I do with the stocks? NKE is a terrific story, and TSLA's run into Battery Day has to be burned off, and it will.
Coming off Nike's strong report, Big 5 uses a strategy similar to TJX and even offers a dividend.
The pockets of strong movement are very narrow right now.
What We Need Now? Pure and simple. Follow through. Equity markets have to follow through.
The FATMAAN names are still bouncing but the sustainability of the rotations that have been taking place recently are in question.
If you have been riding the momentum in some good stocks, it's difficult to suddenly switch horses, but on days like Tuesday you might have to.
I would probably rather play this name from the short side, but the risk must be contained.
There is only one fact that truly needs to be understood. The virus is still in charge until it is not.
The charts and indicators of the auto parts retailer are in pretty good shape, but market weakness could drag down its stock.
Let's give Doug some well wishes and that his bout of the flu is a mild one. Hopefully he gets some rest and recovery over the weekend. As we turn to the second half of today's trading, we have reports that Facebook is developing contingency plans ...
Unless there is something truly new at work, disregard the bump as nothing more than Wall Street silliness.
The charts show a buy signal, and now is a good time to get into NKE.
But that's exactly where we are right now, in this third day of the rotation, so here's your path to safety.
Markets may believe that we are closer to the effective use of vaccines and therapeutics than we know in this battle against Covid-19.
Investing isn't brain surgery: Keep a portfolio that's diversified with these qualities, and it will pay off on days like this.
The buyers have decided that the researchers and doctors are going to beat the virus, so you better get on board or miss the move.
Even the president has switched sides on this issue that could help flatten the curve and help get the economy rolling again.
Let's go over the confluence that allowed us to advance after a brief dip down in the morning.
Would I buy the name on this dip? Not yet. But here's what a trader could do.
Alright folks, thanks for letting play in the sandbox today and I hope I brought some value along with me. I'm off to get ready for the Nike earnings call. Once again I have to thank the editors who make this all look easy, while also making me look...
With about 90 minutes until today's trading comes to an end, leaving just three more days until we close out the June quarter, the major U.S. equity indices have been bouncing around and are currently modestly positive. Soon after the close, we'll ...
The immediate future remains under the control of virus-related statistics.
As Pimm Fox on Bloomberg Radio would say, good morning, good morning! With Doug out today, I'll be once again taking the Diary wheel for a spin. U.S. equities tumbled on Wednesday as the surge in reported coronavirus cases put the kybosh on the re-o...