The market seems to be running out of steam up near 6 days in a row without the Nazdaq & S&P today. Futures are down some tonight after YUM and ADBE and MU has moved near $4 from the low on the day they reported ($14.50 on Thursday) through today's trade ($18.30 high). I bet you can pick up at least .40-.50 tomorrow at some point and if the market is down big probably more. I think there is hot money in MU over $17.50 so I would watch for them to leave quick if market conditions change.
Don't know about $25 anytime soon but these past few days have been impressive but what I fear is this is underperforming fund managers chasing this market in early October despite poor macro news here and overseas and you may see this hot money leave very quickly soon, The market has moved up very fast in 3 days.
It would be nice but the US politicians will not let it happen. Today is a Barron's bounce of a positive mention over the weekend along with a lot of short covering I would bet.
Good to cover on that one dip I believe the markets will close near their highs based on where Europe closed and we follow Europe each day again and China is gone for awhile.
Possibly but there is speculation that the most beat up are rallying more. Like I posted on Friday even HTZ is up big since the Friday's lows and HTZ is semi garbage getting hurt by accounting problems slower world growth and Uber.
I bet that works by the close. There should be some profit-taking by later the market has moved possibly too far in 2 days.
Can it last all day? Europe did close strong and the big factor is China is closed. Funny how we went from nobody wanted stocks to they can' t have enough of them in a few days. Must watch the close to see if profit-takers arrive. It seems certain much of this is short covering.
They were buying bad stocks too like HTZ into the close. The problem with RAD is the market now cares about debt and Hillary's tweet. That tweet even hurt WBA and CVS recently.
I'm still long but the tremendous rise of Uber should concern all. Investor Day had better say some new positives about something possibly they want to sell themselves would be the best news possible.
Almost, this was a crazy day for sure. Let's see Monday if we build on it or give a lot back.