|Day Low/High||20.43 / 21.03|
|52 Wk Low/High||5.38 / 33.76|
Market players don't seem overly anxious to chase things higher.
This is what's behind the fall of such magnitude that we are seeing.
Oil, housing and retail are just a few of the factors in this equation.
Quotient Technology is ready to break out, and these other picks are already big winners.
Computer programming has found that buying bad-news dips is a consistent winner.
There is hesitancy to chase, especially with the FOMC rate decision this afternoon.
Keep in mind that strong action like this tends to create underlying support.
Central banks are not likely to be raising rates for at least a few years.
The action is flat and I'm not seeing strong momentum in individual stocks.
The markets are pricing in a vote to remain in the EU.
We have chronically underinvested bulls, nervous bears and algos.
When you see this sort of ugly market open, have a list of stocks you're ready to buy on weakness.
I can't seem to put enough capital to work in individual stocks.
We are back to the old pattern of squeezing shorts and frustrating underinvested longs.
Themes such as precious metals are the best place for trading but even then, it can shift fast.
The likelihood is that this action is a consequence of computer programs.
On the other side of the coin, health care and biotech come out ahead.
The market may actually have a dip at some point, but the bulls will jump on any pullbacks.
Basic materials look set for a pullback despite long-term bull trend.