|Day Low/High||27.55 / 28.50|
|52 Wk Low/High||3.72 / 8.54|
The nice thing about earnings season is that it benefits stock pickers.
But I'm managing positions carefully and don't trust the upside momentum very much.
James 'Rev Shark' DePorre shares his views on how low volatility can make traders behave, and how an inconsistent market leads to names piling up.
We had a technical breakdown on Tuesday, an energetic recovery on Wednesday and now things are breaking down again.
In recent trading, shares of Health Insurance Innovations, Inc have crossed above the average analyst 12-month target price of $25.33, changing hands for $25.45/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuation, or, re-adjust their target price to a higher level.
These are not the sort of numbers you would expect for a market that is near all-time highs.
Most of the stocks in the sector have bounced and are trading near intraday highs.
There is no direct correlation between news events and market movement.
My game plan is to target a few of the big-cap momentum names that I feel have the best growth and valuation.
The normal chart patterns don't operate like they have in the past.
Historically, the day before a holiday often has a positive bias, but the algos have killed emotion.
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This market is still supported by resilient dip buyers, but it's unattractive to the initiative buyer.
Recent pattern has been weak mornings, strong afternoons.
This corrective action has me feeling optimistic about some new opportunities.
Two question markets hover over Wall Street on Tuesday, leading to jittery trading through the day's session.
Stocks are narrowly mixed Tuesday afternoon in the wait for earnings from world's largest company Apple.
Without strength in the big-cap leaders, this market is tough to trade.
Brief selloff greets Trump statement on breaking up banks.
Microsoft, Intel, Alphabet and Amazon are among the big-cap names that will report after the bell.