|Day Low/High||22.01 / 23.00|
|52 Wk Low/High||19.74 / 44.50|
Stock slides create opportunities to buy that you never would have expected.
One group that is starting to look interesting is Master Limited Partnerships.
The market is seeing some increased volatility, which makes things more interesting for stock picking.
When the dip buyers disappear intraday, then the action finally can shift.
Rotation that's taking place under the surface must be navigated.
What is confusing about this market is how there is such extreme positive sentiment, but no real excitement.
If the Nasdaq ETF stays in the red, the bears will get some confidence.
The major indices barely budged intraday this week, as we had the narrowest trading range ever.
There is no technical reason at this time to be overly pessimistic, but many individual stocks are starting to slow after big runs.
Individual stock picking continues to be quite challenging, but here's a name I'm watching.
There's no advantage in trying to predict the next move right now.
The nice thing about earnings season is that it benefits stock pickers.
The software giant has followed up on its layoffs by making changes to how key products and services are sold.
As tech bargains become harder to find, enterprise hardware and software firms are a good place to look.
We had a technical breakdown on Tuesday, an energetic recovery on Wednesday and now things are breaking down again.
Buyers are rotating into financials as they shy away from FAANGs and high-momentum plays.
When there is no real worry, stocks can keep on running, but the rampage in the Nasdaq 100 is not unlike frothy action of the past.
But I don't have a lot of confidence in this market beyond the intraday action.
Historically, the day before a holiday often has a positive bias, but the algos have killed emotion.
Though tech M&A activity has cooled a bit, it certainly hasn't evaporated. Here's a look at the buyout prospects for some companies whose names are in the M&A rumor mill.
Twilio probably needs a few months of backing and filling before mounting a sustained advance.
On Tuesday the markets await quarterly results from Tiffany and the second estimate of third-quarter gross domestic product.
Optiv and Presidio are being taken public by PE firms that appear hungry to profit from a strong tech IPO environment, but investors might want to tread cautiously.