IBM is very oversold based on its charts, but that is not a reason in itself to go long; indeed, shorts should consider covering their positions.
There is much talk that IBM is overpaying for Red Hat, but this deal is a net positive for the market as a whole.
If this train wreck happens, it could combine the worst elements of the last four stock market crashes.
Here is how, and when, to get into a micro-cap -- and why you should consider it now.
It is the sort of negativity that produces capitulation.
But don't bet the bank, this is a risky one.
The online giant's charts do not provide enough evidence to recommend a long position in the stock.
It is far better to stay defensive and protect capital while waiting for positive action to develop again.
We are at the late end of the economic cycle, so trade disputes and fiscal easing now could easily cause the next recession.
The president's attempts to intimidate Jerome Powell probably won't impact Fed policy, with one possible exception.