|Day Low/High||279.05 / 284.80|
|52 Wk Low/High||201.62 / 282.77|
And there are two reasons to take your time as a buyer.
Let's look at Support.com, NFT craziness, Dell and others reporting Thursday, as well as the Invesco QQQ.
I could be wrong, but as far as I can tell, nobody else is telling the story about the sudden movement in these yields.
Let's look at inflation and government spending to see why good-value stocks are the way to go -- no matter what the pols say.
Here's where aggressive traders could go long now.
The banks are parking large amounts of dough at the Fed every night. Last Friday's number was the highest single day total since 2017.
There's absolutely no good reason for the Fed to still be supporting the mortgage market and there hasn't been for quite some time.
The company reports earnings this Wednesday.
We could have some real pain ahead for some stocks. Five different kinds.
On the back of several major market indices putting in fresh highs this week, we have a bunch of fresh Buy ratings (and a sell, too): Adobe initiated with a Buy at Goldman; target $580 Intuit resumed with a Neutral at Goldman; target $430 Meritage ...
As power has changed hands in the White House, we can expect these names -- and themes -- to benefit.
I rolled up my sleeves to tamp the froth and slay the euphoria, and here's what I found instead.
Let's check and see how flexible the charts look.
Technical analysis has become so much more accurate a trading tool than it ever was before.
Just take the three most obvious letters in FAANG -- Facebook, Apple, and Netflix -- they were all ideas from my children.
The charts suggest more upside potential for the cloud software company's shares than was the case a few months ago.
If financial markets any indication, a lot must be expected from Fed Chair Powell Thursday morning. Plus, two guys to never bet against.
There is plenty of chasing of the strength which is an indication that FOMO is in overdrive again.
The company's backlog of revenue set to be recognized in the next 12 months grew much more strongly than expected.
Unless there is something truly new at work, disregard the bump as nothing more than Wall Street silliness.