|Day Low/High||83.02 / 85.15|
|52 Wk Low/High||30.72 / 85.50|
Also, I'm not sure one needs to be in Broadcom, but if one were interested, this could be the discount that one has waited for.
A subset of tech is expensive, as well as tech IPOs, but the majority of sectors are far from overvalued.
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.
Plus, many market players don't wait for the Federal Open Market Committee's latest announcement to jump in, and President Trump's latest Xi tweet gooses equities.
The endless rally needs fuel, and without it, you end up with what you got Tuesday, a soggy session that was hit from the cloud, Beyond Meat's chill, and big merger uncertainties.
And why the stock will recover from this hammering on the merger news.
Let's inspect the charts and indicators.
Also, the Department of Justice reportedly could be preparing an antitrust probe into Alphabet's Google unit.
Analysts now expect an earnings recession to become reality after negative Q1 growth, and ahead of projected negative Q2 growth.
We should be trading this kind of action, rather than making big market direction calls.
We are now seeing why it is so important to focus on price action rather than the negative arguments.
The security tech firm just reported a major billings decline, issued weak guidance and announced its CEO has resigned. Wall Street has its reasons for giving the company a relatively low valuation.
Capital can now reallocate to where it will be treated best.
A trade deal will likely emerge but it's not going to be easy and the market is going to be volatile while it awaits.
It is interesting to consider that Chinese stocks have been hit substantially harder on this trade news than U.S. stocks.
if you dug a little deeper there was some carnage in the software group.
This trading is starting to create some fairly deep pullbacks.
I am watching for a few things to develop as the day progresses and will put cash to work if I can.
Apple and Facebook are driving the market up, even as a post-crash cloud looms over Boeing.
Samsung's latest flagship phones contain meaningful hardware improvements, and reviews have been pretty good. They're unlikely to be smash hits, but demand could be better than feared.
The main issue facing the bulls right now is that there isn't much support on the chart.
This stock market is doing a nice job of making it tough on everyone.
Big selling pressure in the last hour was more about allocations than market direction calls.
It is the action in secondary stocks that is giving the action a much better feel.