Market is priced for perfection and it won't take much for it to rollover into a correction. Big movers today included; Eagle Bulk Shipping (EGLE), Diana Shipping (DSX), SolarCity (SCTY), Brightcove (BCOV), Dryships (DRYS), Palo Alto Network (PANW), Tesla Motors (TSLA), Salesforce (CRM), Jive Software (JIVE), JDS Uniphase (JDSU), Expedia (EXPE), Advanced Micro Devices (AMD). Zynga (ZNGA), Netflix (NFLX), Cisco Systems (CSCO), Yahoo (YHOO).
The valuation of the market is getting significantly stretched relative to the earnings growth, a correction is overdue. Big movers today incuded; Direxion Bear ETF (FAZ), SolarCity (SCTY), Angie's List (ANGI), Fusion-io (FIO), Activision-Blizzard (ATVI), Palo Alto Networks (PANW), Tesla Motors (TSLA), Best Buy (BBY), Zillow (Z), Pandora (P), Monster Beverage (MNST), Nokia (NOK), Groupon (GRPN), Zynga (ZNGA), LinkedIn (LNKD), BlackBerry (BBRY).
Market still toppy and it looks like the bullish rally is getting tired and in need of a long overdue pullback. Big movers today Included; SolarCIty (SCTY), Angie's List (ANGI), Activision Blizzard (ATVI), Tesla Motors (TSLA), Rackspace (RAX), Pandora Media (P), Green Mountain Coffee Roasters (GMCR), Barnes & Noble (BKS), Groupon (GRPN), Netflix (NFLX), BlackBerry (BBRY), AOL (AOL). It's also May which is the start of a seasonal period that can be negative for stocks.
Market trading at new highs, but looks toppy as valuations are getting stretched relative to earnings growth. Big movers today included; Trulia (TRLA), Angie's list (ANGI), Fusion-io (FIO), Palo Alto Networks (PANW), Hewlett-Packard (HPQ), Lowe's Companies (LOW), Zillow (Z), Rackspace (RAX), Whole Foods (WFM), Groupon (GRPN), Zynga (ZNGA), Goldcorp (GG), AOL Inc. (AOL).