|Day Low/High||169.06 / 173.37|
|52 Wk Low/High||156.23 / 231.11|
Traders should not be short CLX ahead of earnings.
Chances are that global monetary policy tightens considerably this week and that the U.S. will not be the primary driver.
There are not one but two things at work with this company and this stock.
Traders who are still long the household products company need to sell as best as possible before further losses pile up.
Doesn't the Fed now have to taper asset purchases simply to avoid becoming an even greater force in these markets?
The pace of the decline in the shares of the maker of household products has been slowing.
Let's look at the companies that can go up, and the ones that can't.
The technical signals for Clorox suggest more downside ahead, while Coca-Cola looks like it's preparing to head higher.
Just like you have to know how to read a room, you have to know how to read a tape and this tape screams 'I'm not done yet.'
Plus, ServiceNow is a stock worth stalking and Amazon is a stock worth celebrating.
Welcome to the 'new' old world -- the world we had before all the new people and their money came into the market.
It may seem ridiculous, but you can distill the market down to these two names because they stand for palpable themes.
Let's review this Archegos drama and some lessons from this fickle market.
We could have some real pain ahead for some stocks. Five different kinds.
The market's funk continued into the fourth week of March 2020, but by week's end a stellar TV performance by the Fed's Jay Powell would turn the tide.
The forces that benefited shares of companies such as Peloton Interactive and Clorox may not sustain them once the impact of the virus subsides.
There is a point where if longer-dated yields move high enough, defensive-minded investors will be drawn from equities to debt securities.
Let's review the charts and indicators.
With few exceptions, there isn't a stock that could bring down this market.
We are going to win the war, but battles are still ahead. Here's how to invest in the meantime.