|Day Low/High||83.25 / 85.35|
|52 Wk Low/High||59.94 / 107.34|
Rather than focus on trying to catch stocks that are in freefall, look for those that are showing some positive relative strength.
About the upcoming U.S./China talks, call me skeptical, but I trade the environment, and not my starchy views on what is versus what should be.
In my opinion, MA is a good one, otherwise it would not be on my book.
Slack could shift sentiment with a strong earnings report on Wednesday.
Let's check the charts and indicators ahead of ZM's Q2 earnings.
I'm willing to risk what amounts to the move we've seen today for the next month.
A subset of tech is expensive, as well as tech IPOs, but the majority of sectors are far from overvalued.
AbbVie is dropping on Allergan deal announcement, momentum is weak outside certain pockets.
Gold continues to run higher as the dollar continues to collapse.
Do we finally have too many new stocks, and are we running out of ammunition to buy them without wholesale liquidation of other stocks?
Stocks that rip higher in parabolic fashion are incredible until they are terrible.
Will Slack help set a new trend for IPO strategy among red-hot technology companies?
Trading today would just be a gamble, and at this price, it's a hard bet.
Markets are still willing to pay top dollar for high-growth software names that meet or beat their high expectations. But they're proving remorseless to the growing list of firms to fall short.
What happens when the buyers fueling the IPO fervor run out of steam?
Until there's a break in the technical picture, my view is to look long rather than short.
They may be too rich now, but they made you rich if you stuck with them.
I would like to own a piece of this firm. The problem for me is the short position.
Zoom's gangbusters post-IPO performance should set up Slack's listing nicely.
As of now, the schedule of tariffs on Mexico that would begin at 5% this Monday has not changed.
Though there isn't much technical data yet for the recent IPO, a key chart indicates more upside could be ahead for the web conferencing service.
Zoom Video Communications is soaring Friday morning after reporting a very bullish book of business in its first ever public earnings release.
You know where the firm has next to no revenue exposure? China.
Leave this market? Damned if you do and damned if you don't.