Small caps actually at a high for the week. Nasdaq just looks bad because of two giants gapping down, but other indexes holding up. If those two giants can get back into the value area from last week (MSFT above 234.50, GOOGL above 98.50) early today, then they have a good shot to erase the losses. On the other hand, if /NQ goes below 11400 today then things look bearish.
The bulls should be somewhat happy with today after the earnings from MSFT and GOOGL, the weaker dollar and lower yields somewhat saving the day today
META pulling down tech shares and the stronger dollar isn't helping the market today as well CAT, BA, MCD and HON lifting the DOW though
AMZN crashing after earnings, if AAPL is bad too then we might finally see a bigger selloff tomorrow although the non tech sectors have mostly reacted positively after their earnings
SPY and QQQ turning down at the 50 sma. DIA went above it, but now it is getting turned back at the 200 sma.
Looks like the momentum is positive into the FED announcement next Wednesday We will see if the FED will really sound more dovish or they will really pivot
So looks like we finally get a down day to cool off the oscillators. Not expecting the dips to be bought today. That Thursday after hours trade took /NQ back to the previous Friday (10/21) low, and then it got bought up real fast. That's a key level to watch.
Bidu has eps -$7.16 on yahoo page. But the picture on the lower right page showed it made money in all the four quarters. Why?
Yeah it's certainly an issue that they, like many many others, mix the presentation of non-GAAP with GAAP earnings. The negative number corresponds to GAAP earnings, while the "all positive" presentation corresponds to non-GAAP earnings.
Not doing too much before the FED on Wednesday, mostly just taking some profits off the table after a big rally
Was any of that in HUM? I just saw they've been breaking out for 8 days in a row, and report on Wednesday morning. Doesn't look like we have a thread for them here though.
Yeah the health insurance stocks seem to be the pretty safe bets in the current environment, HUM, CI and UNH, etc. all have done pretty well Looks like we have a thread for HUM btw HUM - Humana Inc. | Stockaholics
Waiting until tomorrow to see what CD rates do. I have been moving cash from stock sales into one year CD's. Now at approx. 65% stocks, and 35% cash and CD's.
Well no pivot from the FED yet, Powell really couldn't sound too dovish since the market ran up pretty hard in October into this meeting