|Day Low/High||410.17 / 418.06|
|52 Wk Low/High||163.42 / 419.98|
Money movers are not buying protection for individual names, but they are starting to bet against the market en masse, while the Russell 2000 ran up 4% on Monday.
Let's check the charts to see what investors and traders might be thinking.
if you dug a little deeper there was some carnage in the software group.
The swings were not big but things moved up an down several times intraday.
Focus on individual stock picking, and take a look at small-caps, as earnings season continues.
An $11 billion deal to buy cloud HR software firm Ultimate Software is the latest in a string of major software M&A transactions. More are likely on the way.
Let's drill down into the charts and indicators to see how we should be positioning PAYC.
If there is any good news on trade the potential for more market upside is strong.
Market players simply are not willing to chase solid news like this right now.
New 12-month lows of 160 exceeded new 12-month highs at around 140. That sort of internal action suggests that market conditions are deteriorating.
Most of these names have exhibited exceptional price strength.
Old-line momentum favorites fare well.
The obvious course of action is to look for ways to put capital to work.