|Day Low/High||11.87 / 12.27|
|52 Wk Low/High||3.64 / 15.54|
RH has gone from $80 to $170 and look at the action for SmileDirectClub and others, but let's now set our sights on the iShares Russell 2000 exchange-traded fund.
The direction of the market in the coming weeks will hinge in part on progress in reopening the U.S. and European economies.
Weekends have been feast or famine for bulls and bears, so keep that in mind if you are rolling the dice.
Here's what you should consider instead during this fear of missing out time -- and know that stock picking should be back in vogue soon.
Let's explore a concept I have been loath to consider.
One explanation is that there is a 'climbing a wall of worry' dynamic at work.
The current market action presents a dilemma for investors.
Despite the strength in equities in 2019, several high-profile initial public offerings landed with large thuds and have struggled since.
The indices moved into positive territory and now the action has cooled off.
Thin seasonal trading and various end-of-year pressures can produce some surprising movements.
This has been an amazingly strong uptrend. However, it is going to be very lumpy now until the end of the year.
I'll be looking harder for some January effect plays and one of the prime areas for that is the broken IPOs that are trading near lows.
Plus, a glance at news about Disney+, Boeing's 737 Max and Alphabet's "Project Nightingale."
I'm still very optimistic about some good entry points but discipline is the key.
Weakness further causes poor breadth and small caps are suffering, but it's too early to call a top.
This continues to be very good price action but obviously it is becoming extended and there are some major technical hurdles.
To turn Jim "El Capitan" Cramer's watchword of his investment faith around, there is always a bear market somewhere. Today and yesterday I took very nice gains in shorts in , , and .
This looks like a normal pause within an uptrend.
While the majority of other IPOs have struggled, this stock is in a position to test recent highs.
The momentum in the broader market is not that strong and the rotational issue continues.
Both BA and JNJ appear to have made decisions in which the bottom line took precedent over what they stand for as a company.
There are a few random names with momentum, but mostly there is just a lot of churning action.
I remain short SmileDirectClub . On Monday, SDC's shares fell by nearly 15% following the Governor of California's signing of California Assembly Bill 1519. The bill requires radiography or other equivalent bond imaging prior to orthodontic treatmen...