|Day Low/High||70.28 / 72.44|
|52 Wk Low/High||50.30 / 89.90|
Not every trade can be a winner, so let's lighten the load here.
With Trump backing off trade threats, Chinese names like 58.com are back in play.
There is no question that we are becoming extended and ripe for some profit taking.
Finding good setups in individual stocks is still challenging as there simply isn't a lot of strong momentum.
The challenge of this market is that the upward moves have not been well sustained.
Rev Shark is not convinced the market's action will be sustained.
Chinese real estate company posts great numbers, sports low price-to-earnings ratio.
If you like buying pullbacks you are out of luck.
Familiar names are leading gains on the first day of trading in 2018.
It is premature to think that this market has hit a top until there is further evidence in the price action.
Small-caps are lagging and breadth is negative, but the computer algorithms are very impressive.
We have shifted from a market that was mainly index driven by the FAANG names to one where stock picking is more important.
Apple and its suppliers are dragging the market down.
Energy, financial and technology stocks dominate names showing potential for higher prices.
They are a diverse group that could work well as a basket.
And three other things to watch when trading today.
The Emerging Markets Internet and E-Commerce ETF (EMQQ) helps investors get more exposure to the growth of online consumption in the developing world.