{+++} For the day the SPX/DOW were -0.25%, and the NDX/NAZ +0.05%. Bonds gained 10 ticks, Crude slipped 5 cents, Gold added $2, and the USD was lower. Short term support remains at the 1841 and 1828 levels, with resistance now at SPX 1851 and the 1869 levels.
There’s one in every crowd, and today it was FUEL, one of our P&L names. The stock popped almost 8 points or 13%. At one point the stock was up about 12 points. There was no news that I could find, so it was either a technical breakout or something is afoot. They are deep in artificial intelligence and programmatic. According to a recent study by the Winterberry Group and the IAB, within two years, 91% of advertisers and 83% of publishers expect to be using programmatic. Real-time bidding (RTB) and programmatic buying are here to stay and will continue to dramatically change the way companies and brands advertise. Bottom line, Big Data needs artificial intelligence. This one could be a big winner this year.
SPLK, another P&L name also broke out.
As I watch the action in some of these stocks, it really does make me wonder if we are ready for a dose of reality, so please stay on your toes. If you have gains, protect them and raise some stops.
Here were some dollar winners today.
Here were some dollar droppers today.
Have a great night.
Joe