|Day Low/High||257.35 / 262.88|
|52 Wk Low/High||184.60 / 289.69|
Concern about more rate hikes weigh on major averages. Plus, are Chinese Internet stocks fully valued?
The longer we go without any sort of relief, the more powerful the reversal will be when it comes.
Even if there's one more rally day, it will be tough to add to upside momentum.
The market needs a one- or two-day rally to relieve some of the buying traders want to do.
Any rally at this point will run into trouble in a few more days.
The up-and-down action in the averages has now moved into groups such as utilities and retailers.
In this special bonus from the Internet Review newsletter, a way to benefit from selling puts.
The big problem with the long-term value approach is that there is no easy form of money management.
If your trading style isn't anticipatory, then stay where you're comfortable, trading longs.
Merge Technologies sinks after delaying its fourth-quarter release and issuing a sales warning.
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