Traders are in fat city, while investors are in another sea of red. The best place to be is in cash, unless your skills are good enough to trade some while sitting on a long position.
What the FOMC talks about, whatever is read in its minutes, whatever fear there is about no fed rate cut ... until I hear that we're doomed to a recession, it's all fluctuation.
If this is another buying opportunity, then my A and A- grade stocks are worth a look. They all have solid fundamentals and excellent growth. The market has tended to sell off for days at a time, so I don't expect to find any bargains. Not yet.
AMZN down 3.1%, now 76.22
Here, the stock has returned in the vicinity of its 13- and 50-day simple and exponential moving averages, but not in an ideal range. Getting close, though. Pupule says: Wait.
AAPL down 4.1%, now $126
The stock is in a fairly good place now, right in the midst of its SMA and EMA. Could AAPL fall to $111 as it did two weeks ago? Of course. This is a stupid market, but one that must be respected. I'd go in cautiously, if anything. Pupule says: Buy.
CROX down 4.4%, now $57
Since dipping to $44 two Thursdays ago, the stock has zoomed up with the best of the growth babies. This is the seventh session in a row that CROX finished above its SMA and EMA. Even with today's pullback, best to be patient. I love my Crocs, but it is undeniably volatile. Be a smart shopper. Pupule says: Wait.
GRMN down 5.4%, now $96
Down four of the past five sessions. Stock now trades below its 13-day MAs. Worth watching closely. Buyable here, but a bargain could be around the corner. Pupule says: Buy.
RIMM down 4.8%, now $77
Trading just above its MAs. Patience. Pupule says: Wait.
BIDU down 5.7%, now $199
Nice pullback on slightly lower volume today. Stock is still above MAs, but moving in the right direction for a smart shopper. Pupule says: Wait.
CMG down 2.4%, now $97
Nice. The stock is now below its 13-day MAs. Avocado and dairy prices be damned, this Co is great. Pupule says: Buy.
CEO down 8.3%, now $113
That was quick. The stock was up to a mid-day high of $125 yesterday, and traders took their profits today. Can't blame them. The stock was $92 two weeks ago. Now CEO is below its 50-day SMA and moving closer to its other MAs. Inch in slowly. Pupule says: Buy.
FLS down 1.9%, now $69
Despite blowout earnings, the stock never moved above its MAs when the market bounced back last week. Trading right within its MAs now. Pupule says: Buy.
GOOG down 1.3%, now $506
Like FLS, Google wasn't hit hard today. Like FLS, the stock has a lid on it and hasn't moved above its MAs recently. Not exactly a bargain, but a fair price here. Pupule says: Buy.
NTDOY.PK down 2.7%, now $57
Coming back down to its MAs. Watch closely. Pupule says: Wait.
POT down 3.2%, now $82
More like $82.98. Starting to return to its MAs, stock is now touching its 13-day SMA and EMA. Pupule says: Buy.
UA down 1.4%, now $62
Plunging deeper, now below its 13-day MAs, but well above its 50-day MAs. Careful here. Inch in. Pupule says: Buy.
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