|Day Low/High||231.36 / 238.50|
|52 Wk Low/High||35.00 / 218.00|
After five days, the nastiness that is allocation through high-speed algorithmic selection (profit-taking) returned to the fold.
There's a split growing at the FOMC as to just how transitory the current burst of consumer level inflation actually is.
Ever hear of the Cleveland Fed's median CPI? Trust me, every kid sitting at the FOMC table is glued to this indicator.
I already have shown favor to and own Zscaler, which is also an overvalued cybersecurity name, though not quite as overvalued as CRWD.
There's absolutely no good reason for the Fed to still be supporting the mortgage market and there hasn't been for quite some time.
Our latest technical analysis and trading strategy for ZS stock.
I also have a plan for my Zscaler position, looking for similar messaging on Tuesday.
There are still reasons to be optimistic about the long-term adoption of Bitcoin, Ethereum and certain other cryptos. But the selloff following a leverage-fueled speculative mania like the one we just saw rarely ends quickly.
It may seem ridiculous, but you can distill the market down to these two names because they stand for palpable themes.
Cybersecurity will prove itself quite durable, as demand will stand up to any shift in where white collar work is done.
CRWD is already half a step ahead of many other cybersecurity operations.
Let's see what, if any, impact the February labor market data have on the markets.
Among other things, the president works to align Democratic senators to support his massive Covid relief bill.
Should we care about Australia's central bank taking overtly aggressive action to reign in the long end of their yield curve? Yes, we should.
If any industry is bound for eternally growing demand it's cybersecurity, and right now ZS is best in class.
The market's catalyst had everything to do with the virus... optimism that humankind might stuff that scourge back into Pandora's box.
Cryptos and cash are both headed for a real fight. For their own existence.
One possible outcome: The party ends relatively soon for some of the more speculative names, while other high-multiple stocks remain strong until inflation and the Fed become issues.
Here's the kind I like to buy -- and the vetted stocks that you can play on 'good' risk.
As power has changed hands in the White House, we can expect these names -- and themes -- to benefit.
I am talking about themes that can stand the test not of today, or tomorrow, but for all of 2021 and beyond.
I just wish that people knew more about themselves and took the education necessary to understand what can wrong.
Are traders working this holiday shortened week? You bet they are.
I rolled up my sleeves to tamp the froth and slay the euphoria, and here's what I found instead.