|Day Low/High||43.76 / 45.11|
|52 Wk Low/High||21.83 / 52.77|
While a bounce is very likely to occur soon, the much more difficult issue is how quickly the market can recover from this corrective action.
This is not a market acting like it is fearful of a sudden collapse.
The charts and indicators show possible targets that could wash up good returns, so it may pay to stay long SE.
Technology such as 5G, streaming and cloud computing should all step up their game in this new year, but eSports, and specifically Huya, will likely hit it out of the park.
Here are seven factors the market can be thankful for as the holiday week kicks off.
I still see no reason to be negative about this market.
I am carrying a large cash balance -- but not because I'm bearish.
I haven't changed my tune in my belief that eSports is a sector to own for the next several years.
If you see something you love, then take a nibble, but big bites aren't on the menu for me today.
Huya posts better-than-expected numbers on top and bottom lines.
Big-cap names have been driving the market, but some small-caps could make noise, too.
Sea Ltd. dominates in Asia with its 'Free Fire' survival shooter game and is one of several eSports companies to watch and play.
This is a good example of why you should 'never short a dull market.'
You really couldn't ask for more under one roof, but the current chart is a bit precarious.
This is one I'm interested in owning, but the current chart is a bit precarious.
Sharp intraday reversals tend to lead to more selling.
Some momentum movers are becoming extended and have seen profit-taking Monday.
The S&P 500 can afford to give back a pretty good chunk here without doing any technical damage.
Apple and Facebook are driving the market up, even as a post-crash cloud looms over Boeing.
NVIDIA, NXP Semi and Applied Materials could all continue their big runs this year.
These names show the downward pull can be beaten with the right set of circumstances, and it happens more often than you might think.
Jim Cramer thinks the deal between Enbridge and Spectra is great for both companies.
Stocks were mixed after a measure on U.S. services activity last month declined more than expected.
The two energy infrastructure companies are set to create an industry player of 'unmatched scale.'
Shares of Sunoco Logistics are up 7% thus far in 2016 after plummeting 34% last year.
This change is having major implications for the stock market.
Pay close attention to Spectra Energy, as prices have shown some good improvement the past three months.