|Day Low/High||125.50 / 127.65|
|52 Wk Low/High||112.06 / 159.37|
* The answer to the above question is... Slow, inept and impotent. * (Regardless of your political views) Tariff Man seems out of control * I have been of the strong view that President Trump's behavior and the shallowness of policy were destined to...
Despite trade war fears, semiconductors and emerging markets saw the selling dry up and FXI -- an exchange-traded fund to be long on China -- was green all day, while Caterpillar and Deere and Co. saw no selling, either.
When traders are flailing and investors are drowning, examples work best to illustrate what happens before a bottom is reached.
Both Washington and Beijing have no shortage of options for inflicting major economic damage on the other party. That provides some reasons to think a near-term truce will eventually be reached, even if there are long-term consequences to this fight.
With 60 minutes to go: * The S&P has just broken the day's lows - following the pattern of early strength and late in the day weakness. * Breadth: 1200 advancers, 1750 decliners. * The economic message of lower bond yields is growing louder. * The 1...
There are ways to invest in the basket of companies that have increased their dividends for years on end that go beyond ETFs; here are a couple of them.
Here are my main takeaways from today's action: * Down from the "get go." * The Russell underperformed the senior averages. * Breadth at 676 advancers and 2,275 decliners on the NYSE says it all. * And so does the yield on the 10-year U.S. note whic...
Then is the time to buy -- and it should soon be here.
* There are many historical reasons to be concerned * The Nasdaq looks especially vulnerable (watch out below Apple!) * My conviction that an important market topping process is in place has grown Evidence of a market topping process, which began in...
After covering shorts in , , , , (and others) earlier this week, I am very liquid. I stand ready to reload these shorts on further strength.
On day three, the sellers forget why they sold and the buyers remember why they like stocks.
"Just one more thing." -- Lt. Columbo Since I was unusually active today (and I know it can get confusing) I think it would be helpful to summarize today's trades. * I covered all of my semiconductor shorts -- Intel and Micron (still on my Best Idea...
President Trump has decided that the U.S. simply shouldn't do business with China and if you do you are going to have to pay the price.
I have covered half of my Apple trading short rental at $188.85, and half of my Caterpillar short rental at $126.30 in pre-market trading for a large gain. Back to small-sized.
* A regime of volatility is growing more conspicuous (and likely) against an investment backdrop dominated by machines and algorithms * More volatility is suggested by an increasingly ambiguous global economic picture and with the chances of policy ...
* Raising my short exposure this morning As the business media dwells on the IPO, the market backdrop continues to deteriorate. I continue to see growing evidence that the market could be in a major topping process - with prior highs (and a possible...
"If wishes were horses then beggars would ride." - Grandma Koufax Though I did fine in these shorts, these are the recent short covers I wish I had never covered: * Apple - I have grown more negative on the short- to intermediate- term prospects. (H...
Only economists and pundits seem to be worried about a pending crash that might never occur.
Let's go through the bearish signals one by one.
Another day of "newsy" action as it pertains to how the trade negotiations are going. Today it was Sarah Sanders saying, in very vague terms, that negotiations are advancing in the sense that the Chinese are willing to proceed with the talks. As suc...
I wish that Uber could shelve its offering because of the trade deadline. That, however, is not going to happen.
Why the Uber IPO and the market's take on China tariffs are so important, and what stocks would be most affected by any derailment.
The base just wants the scales leveled. That's what Trump wants, too, and he won't sign off on anything with China until he gets it.
I have a lengthy list of stocks and Indices to short on more strength including , , , , . I have very few stocks I want to buy or add to.
As usual, the stocks that bounce back first are the tech stocks with little Chinese exposure and the consumer packaged goods that just demonstrated good numbers.
I will very much approach the environment provided (China talks) from the view of the pragmatic. I will trade whatever is in front of me.