|Day Low/High||85.50 / 98.38|
|52 Wk Low/High||35.00 / 89.54|
Both were greeted with derision and a cascade of selling from the flock of disappointed souls. I'm going the other way, the way history tells us to go.
As the president's press conference on China approaches, there is ample reason for some risk-off behavior. Meantime, Zscaler's earnings beat is a good time to take a profit.
I'll be taking at least a third of my long off ahead of the numbers this afternoon.
WDAY looks ready to break out as traders weigh wether markets are now overbought after this 2-day run.
Splunk, Palo Alto Networks, and Nvidia thrive when so many others are faltering.
I'm flat this name, and I prefer Zscaler for the growing need for cloud based security.
The problem for index fund owners is they own all three buckets and there are a lot more companies in the third bucket than in the first two.
How has my book evolved since the Fed and Treasury rode into town? Here's how.
Despite the dramatic and highly negative decline in economic activity that forced algos to hit the markets from above, enough portfolio managers faded that move to lessen its impact.
Brace yourself. There is no telling how the algos will react to a shocking employment number.
Consider these stock model ideas: virus groups, work remotely, and fiscal.
It's a paradigm shift that all started with Zoom and Cisco's Webex.
The Holy Grail right now are the few companies thriving and that will keep going after this is over, but there are others who will rebound and some who will not.
The Point and Figure chart of the cybersecurity company projects its shares could shoot considerably higher.
Here are a number of things that I'm watching now.
Wait until we see a test of support or a breakout above (or failed test of) resistance before making a move.
The question is how far down and how long the selling lasts.
The market impact of the virus for U.S. investors has been seen in more pronounced fashion in Treasury markets.
Monday brought more record highs for the broader equity indices. As a trader, the feeling is so eerie. I'm not kidding.
The NYSE used to be the center of capitalism, but now it's where actual engineering, not financial engineering, is taking place.
While enterprise software firms are still generally reporting good top-line numbers, the group remains in multiple-compression mode -- for now.
The purpose is not to shake you out, although it can feel like that; here's what's really going on.
Plus, checking in on the yield curve, the Put/Call Ratio, political gamesmanship here and abroad, and a handful of tech names.
Does it tick the President off that it appears the Chinese would rather not give up in writing any unfair advantages in global trade that they have enjoyed for decades this close to a national election in the U.S.? Of course.
Zscaler has made a three-month pattern that can support higher prices in the near future.
Enterprise spending on IT security remains strong, and a recent CIO survey suggests this spending could help during a recession.
Trading volume in the cybersecurity company's shares was very heavy on their recent decline following a period of aggressive buying.
GDP and corporate earnings trends are not favorable and increasingly indicate slowing economies here and abroad.
A market repricing...which are the 'true' growth stocks now?
Should competitors act in a way that puts the U.S. economy at a disadvantage, then by all means the FOMC must act with a level of anger that intimidates.