James "Rev Shark" DePorre, a Real Money contributor, is the author of Invest Like a Shark: How a Deaf Guy With No Job and Limited Capital Made a Fortune Investing in the Stock Market. He operates sharkinvesting.com, an interactive online community that serves and educates active investors.
Now that the numbers are actually hitting, it's difficult to place faith in possible lower interest rates to offset for poor growth.
The market remains muted on the news, with bad headlines leading to dip-buying and good news failing to produce protracted momentum.
Don't be rigid in your thesis, keep an eye on market action and respond as appropriate.
It is still a surprisingly sedate market, despite indexes sitting close to all-time highs, earnings season, possible interest-rate cuts and endless speculation about China trade.
From a technical standpoint some downside at this juncture may be what is needed to shake things up and create better trading conditions into earnings.
In a market offering little, the trading action in ROKU stands out and becomes self-filling.
The bulls will say this is healthy consolidation that will set up another leg higher, while the bears will say this is an indication of indecision and is a prelude to a rollover.
Are we seeing low-volume consolidation setting stage for thrust higher or is this stalling action suggesting a rollover? The answer depends on how earnings season develops.
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