|Day Low/High||289.23 / 304.18|
|52 Wk Low/High||169.50 / 327.85|
The key technical issue now is that the indices stay above their opening lows.
Bonds and gold are safe. That is why you should be selling portions of your holdings of stocks to buy them today.
Here are a number of things that I'm watching now.
Many market players have been anticipating some severe corrective action for a while. They have it this morning -- and a new crop of trading opportunities will quickly emerge.
Some Brief Late Day Observations * Breadth negative 2-1. * Crude down two bits and gold +$26.40/oz. * Bonds strong -- with yields -5 basis points; the 10-year yield is 1.47%. * FANG, fangless. * Tech to the woodshed with Microsoft and Apple downside...
Every minute detail and data point is misinterpreted to paint a positive picture for stocks.
Stay focused on price action and watch for signals that there is a shift in the character of the action.
The world's most levered balance sheet belongs not to a company, but to a country: Japan.
For reliable income, a portfolio strategy generating monthly payouts, an opportunity in dividend kings, and favorites among taxable bond funds.
I thought it might be helpful to briefly summarize some of my more meaningful moves in the market over the last few weeks: * I eliminated Goldman Sachs around $240 (my year end 2020 target price) and reduced the size of my , and longs. Lower interes...
This is a name where I expect to hear coronavirus mentioned on the earnings call.
The news doesn't necessarily matter when markets are in a roaring bull trend.
I continue to hunt for buys but I am staying highly selective which can make you feel left out when the market is acting this frothy.
* The extent of the coronavirus contagion is being understated by Chinese authorities * Supply chain interruptions and demand concerns (caused by the coronavirus) are being ignored and underpriced by the financial markets * For the foreseeable futur...
There's too much upside, not enough downside, so the selling, which should have begun, just hasn't happened.
Even if you do have doubts about the market's lack of concern about macro problems, the action in many individual stocks is still quite good.
Like Danielle DiMartino Booth, I will be discussing the potential threat of the coronavirus this morning: The market is beginning to extrapolate the top-line warnings from companies -- i.e. the microeconomic world -- into the macroeconomic; the U....
With central banks cutting rates aggressively and China and the U.S. pumping even more liquidity, be careful of being too bearish.
Plenty of pundits told why they thought AAPL's big news Tuesday didn't matter, but let's peel them back. Also, have noticed there's little selling -- or buying -- of late?
The indexes simply refuse to do the logical thing and pull back, which would help bears and bulls alike.
A wide variety of tech companies are likely to see their March-quarter sales hurt by the coronavirus outbreak's impact on Chinese demand and/or manufacturing.
As we head into the last hour of the trading day, the Dow and S&P 500 remain in the red, but the Nasdaq is wavering between slightly positive and breakeven. How Apple performs in the last hour will likely dictate how we finish the day.
Earlier today, Bob Lang and I used the day's weakness in Apple and Qualcomm shares to nibble modestly... we are hardly from a full position size in either, and will look to opportunistically build that out at favorable prices. With Walmart's Decemb...
Here's how to play it after the tech giant's coronavirus warning.
'The market can remain irrational far longer than you can remain solvent.'
And while today's big driver is Apple , let's check the facts courtesy of FactSet: "Of the 364 companies that have held Q4 earnings calls, 138 cited the term "coronavirus" during the call, and about 25% of those included some impact from the corona...
Two trades I'm making (and one on my radar) as a I stay focused on the price action.