|Day Low/High||167.65 / 174.84|
|52 Wk Low/High||108.80 / 190.70|
* At the market highs the S&P 500 Index was approximately 15%-20% overvalued * The S&P Index according to my calculus remains about 10%-15% overvalued (current price: 3230; fair market value: about 2850) * But, with the concentrated outperformance o...
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.
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.
Digital transformation is the biggest and most important trend in a generation. The time to invest is now.
The world's third-largest economy is likely to now be in recession, and Japanese investors have sensibly switched into defensive sectors and low-volatility stocks.
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.
Fed repo policy changes confirm that external issues are having only a small impact on U.S. economic performance.
You can sell any stock that's up and take that money to the bank and no one will say, "sorry that was made off of euphoria, we can't take it."
Joining the ranks of BlackRock and Microsoft, BP has come out with a plan to address climate change, and that gives it added appeal.
The mattress maker's dismal IPO should discourage other money-losing unicorns from going public and should promote a more disciplined environment.
We play the game in front of us. We try to excel in the environment provided.
This market's reaction to bad news has been totally undermined by computer algorithms, passive investing, a high level of liquidity and fear of missing out.
Looking at a chart of spikes in new highs shows they are like one-off events, they fail to build on themselves, expand or improve.
At least days like today, when we're told the coronavirus has 'peaked,' show us exactly where the coiled springs really are.
Thus far it is not exactly a "Down Goes Frazier" moment - but today's trading session showed some weakness - particularly as measured from the day's highs. With less than 40 minutes to go the S&P, which was +23 handles this morning, is now flat. And...
Well, it would be a good birthday present! That said, Amazon has quickly given back more than half of its $40/share gain, and Microsoft has been lower most of the day - etc., etc. Breadth was 4-1 positive and is now only 2-1 positive. I am positione...
Workday shares have displayed a basing pattern since last fall, with buyers of the stock turning more aggressive in recent weeks.
"The world's a nicer place in my beautiful balloon It wears a nicer face in my beautiful balloon We can sing a song and sail along the silver sky For we can fly we can fly Up, up and away My beautiful, my beautiful balloon." - Fifth Dimension, Up, U...
As the Wuhan coronavirus shakes up the global economy and growth outlook for China, there seems to be only one theme that's resonating right now.
The 12-month highs to lows is unimpressive as small caps are still lagging and big cap stocks like Microsoft, Amazon and Apple lead.
And it's called the coronavirus, which is throwing uncertainty into how to trade -- or not -- this name.
One explanation is that there is a 'climbing a wall of worry' dynamic at work.
Breadth improved -- somewhat -- but while everyone was yapping about Tesla, did you see what's happening with Microsoft?