The recent run higher in the shares of the troubled trucking company is another example of how traders and the market sometimes act illogically.
The banking giant's stock hasn't shown much conviction for a while now and Moody's downgrades of several smaller banks probably won't help.
After a one-day bounce, the pressure is back on stocks partly due to poor economic news out of China.
You'd be correct to say it is very conservatively positioned based on the belief that stocks could be in for a big tumble.
Traders would do well to take some profits after the big run in the stock of the developer of software platforms for the intelligence community.
These recently downgraded names are displaying both quantitative and technical deterioration.
Amazon performed better than expected, so let's take a look at where its shares may go from here and my game plan for the stock.
Bears tend to focus on Apple's valuation and fail to recognize that the stock often is seen as a place to park cash when market conditions become tougher.
Shares of the betting site are climbing as it swings from a loss to a profit and raises its revenue guidance.
Traders must be vigilant as the Invesco QQQ Trust has dipped below a key moving average.