|Day Low/High||3.02 / 3.26|
|52 Wk Low/High||2.90 / 6.80|
If breadth doesn't start to broaden that is going to be a problem.
Markets that have been as strong as this one has been since the election don't just fall apart.
Illiquid options still skew the traditional risk vs. reward measurement.
We are seeing lower lows in the indices as I write.
The good news is that there are signs of stock picking working well again.
Although I don't view the index charts as that bullish, I do like some individual stocks.
Stocks such as YRD, ACIA and TWLO typically have buyers anxious to catch another ride.
The indexes' positive tone shifted in the last two days.
The indices, while solidly positive, closed at the intraday lows. That is highly unusual in this market.
S&P closes near the lows of the day as momentum names get hit.
Don't fight speculative action that keeps sending prices higher.
It is often at this phase that you make the biggest gains by pressing.
Quotient Technology is ready to break out, and these other picks are already big winners.
This choppiness and thin trading is making it tough if you don't catch a move right away.
I'm not inclined to make market calls, but the action on my screen is pushing me to a defensive stance.
Bears continue to have a tough time gaining traction.
The inability to generate sufficient momentum for new highs is concerning.
If you follow the adage about cutting losses quickly and letting winners run, it is possible to generate some very attractive returns.
Computer programming has found that buying bad-news dips is a consistent winner.
We all know the market setting up for a move, and the longer this range continues, the more anxious we are to anticipate that move.
There is hesitancy to chase, especially with the FOMC rate decision this afternoon.