28Dec3:29 pmEST

Married to the GLOB

Working our way through the final hour of trading today, stocks continue to drift up off the morning lows. We have not seen sellers try to press lower yet, perhaps indicative of the holiday atmosphere still in play. Below the surface, FANG is still at the forefront even if NFLX is lagging the other three (FB AMZN GOOGL). 

In additions, we have been tracking relative strength names of late, such as ALKS BBRY PACB QGEN. 

And the Argentinian teen firm, Globant, has quietly been a strong chart for a while, especially compared to the many sloppy ones in this market. On the daily chart, below, for GLOB, note how price may now be "sneaking up the right side" of a technical sideways base. 

The price action is strong today, but $38 is still the ultimate trigger above. 

I will cover this name and plenty more, including the natural gas price action today, for Members in the full-length video recap after the bell. 

Pin the Retail on the Donkey... Stock Market Recap 12/28/15 ...

 
BackToTop
 

This website is intended for educational purposes only. | © 2024 MarketChess.com | All Rights Reserved | Website design by Saco Design | Superpowered by Site Avenger

mobile site | full site