06Dec2:26 pmEST

Shaken and Stirred, Yet Unperturbed

Shares of TripAdvisor, Inc. continue to distinguish themselves this broad market correction from the other travel-related stocks such as BKNG (formerly Priceline), EXPE, and India's MMYT. 

On the updated TRIP daily chart, below, today's relative strength on top of the general strength of the chart in general this correction may very well get lost in the shuffle of swirling geopolitical headlines, not to mention the sexy action in some outstanding enterprise software plays.

But that may prove to be a mistake, as TRIP has shown time and time again since October that underling demand has been impressive. While we still would like to see better broad market action before swinging a name like TRIP, this is yet another name to stalk as an emerging leader whenever the current correction has been terminated. 

On that note, the SPY has been toying with $266 resistance for much of this afternoon, setting up another big close. If buyers slip today, I suspect Fed Chair Powell had better deliver some market-friendly comments tonight to stave off more classic capitulatory action tomorrow. 

That's All Right, That's OK,... We've Got Fireworks


This website is intended for educational purposes only. | © 2019 MarketChess.com | All Rights Reserved | Website design by Saco Design | Superpowered by Site Avenger

mobile site | full site