Another day another trend. As long as you use a 10 minute chart!
Friday's bizarro world. It is an amazing time to be an investor. Amazon misses with a P/E of 290 and the stock goes up.
Apple with a P/E of 13 falls 5% on an earnings miss and 3 year earnings growth of 78% and sales growth of 60%.
Remind me when we should start trading off the fundamentals. Promise me you'll go look at those two charts and see if they resemble the fundamentals.
The Energy sector appears to be trying to make a move. Suncor looks stronger than CNQ but maybe both of these will get out of the doldrums. They have been 50% off last years highs.
Greg Schnell, CMT