Traders Exclusive: Equity Market Review and Setup in Shares of Cavium
From the floor of the CME Group, George Tkaczuk Senior Portfolio Manager at RCM Wealth Advisors, reviews the continuing uptrend in the equity markets and offers a play in Cavium (CAVM). Tkaczuk points out that the S&P 500, Dow and Transports keep hitting new highs and the NASDAQ is playing catch up. The NASDAQ made that V-shape recovery and internals continue to improve. Clearly that sell in May correction never happened. An individual name Tkaczuk is looking at is Cavium, a chip make for 3G and 4G wireless networks and other data storage items. Big customers include Cisco, IBM and Nokia.
From the floor of the CME Group, George Tkaczuk Senior Portfolio Manager at RCM Wealth Advisors, reviews the continuing uptrend in the equity markets and offers a play in Cavium (CAVM). Tkaczuk points out that the S&P 500, Dow and Transports keep hitting new highs and the NASDAQ is playing catch up. The NASDAQ made that V-shape recovery and internals continue to improve. Clearly that sell in May correction never happened. An individual name Tkaczuk is looking at is Cavium, a chip make for 3G and 4G wireless networks and other data storage items. Big customers include Cisco, IBM and Nokia.
