|Day Low/High||18.50 / 19.01|
|52 Wk Low/High||14.52 / 26.04|
The race is on for retailers and credit card companies to switch to EMV technology.
Although the action has been strong, I've been a net seller and haven't made any notable new buys.
The light volume keeps me hesitant, though here are a few recent standout names.
More stocks are showing improved technical action, which tells me they could be leaders, but not yet.
They want to see someone else step up before putting new money at risk.
If institutional investors are taking profits, you should be doing the same.
Web.com and Whole Foods reported impressive earnings that could bring new institutional money into the stocks.
I'm continuing to watch recent initial public offerings and secondaries quite closely.
Shrewd traders know that chance is a big part of trading -- but success comes from thoughtful management thereof.
We are seeing classic 'out of position' action this morning and conditions are good for it to continue.
The market can run because of poor positioning, the need for relative performance and positive seasonality.
I'm taking advantage of the opportunities that are setting up, but timing is still the key.
Fears that Jefferies may be another MF Global show how emotions generated by headlines drive this market.
Until the news headlines have less of an impact, individual stock picking won't matter much.
If we take out the early lows it should trigger some stops as folks lock in gains.
If you're trying the fade trade, don't hesitate to take profits when you have them.
Market players unprepared for an upswing strike out against relentless computerized and high-frequency trading.
I maintain a shopping list of small-caps that have been sinking but appear to be good values.