|Day Low/High||167.78 / 169.53|
|52 Wk Low/High||128.08 / 180.54|
Volume was tepid, transports landed on their faces, and we lack leadership.
The market won't be in the clear until we see some institutional buying. Plus, my weekly model portfolio update.
I don't venture into transports often, but Union Pacific and CSX are looking attractive here.
Parts of the economy are already performing well and cheap stocks are available.
Here are some dynamics that are moving the markets and a look at what we can expect.
Three names in the group are looking especially interesting at current levels.
They get a lift from positive economic data, at least until the market's attention returns to Europe.
The IYT hasn't yet completed its base, so you'd do best to stand aside for now.
Nobody believed the CEOs, but Buffett's comments get these stocks thundering
Many companies are doing much better, balance sheets are improved and more safeguards are in place.
The Dow Jones Transportation Average could reclaim broken support this week.
While the stock has been under steady selling pressure, this key level has seen continuous buying interest.
The recent carnage in the markets has uncovered some incredible buying opportunities, but they won't last long.
For long-term value investors, time would be better spent on individual stocks than on macro issues.
Investors are putting on their rally caps in hopes of reversing Tuesday's widespread selloff.