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Stocks are solid for now but this sign of a market top can appear without warning

Stocks are solid for now but this sign of a market top can appear without warning MarketWatch 1/26/2021 © glyn kirk/Agence France-Presse/Getty Images FA CENTER A healthy stock market fires on all cylinders, and Wall Street certainly has been doing that recently. On Jan. 20, for example, almost all of the major stock market averages jointly closed at new all-time highs. In addition to the Dow Jones Industrial Average and the S&P 500 other indices closing at new all-time highs that day included the Dow Jones Transportation Average the Nasdaq Composite the S&P 400 Mid-Cap and the Russell 2000 Contrast these recent new highs with the U.S. market’s high in 2007, prior to the Great Financial Crisis. Though the Dow and the S&P 500 both reached high points on Oct. 9 of that year, the Russell 2000 hit its high on July 13 of that year, while the Dow Transportation Index topped on July 19.

Tesla Guides for 50% Growth in Deliveries

Tesla Guides for 50% Growth in Deliveries Elon Musk automaker reports first annual profit, though fourth-quarter earnings miss expectations. Author: Tesla Inc  ( TSLA) - Get Report  said it sees deliveries growing at least 50% in 2021, while it reported fourth-quarter earnings below estimates after the bell Thursday. The company posted fourth-quarter non-GAAP earnings of 80 cents a share on revenue of $10.74 billion. In the latest quarter, the company had been expected to report a profit of $1.02 a share, on sales of $10.5 billion, based on a FactSet survey of 20 analysts. In the same period a year ago, the company posted earnings of 42.8 cents a share on sales of $7.4 billion.

Youth Gone Wild, The Swarm of Individual Traders, GameStop, Melvin Capital

Youth Gone Wild, The Swarm of Individual Traders, GameStop, Melvin Capital As a trader who at times takes short positions, I don t know whether to stand up and applaud this group or to fear them. Jan 26, 2021 | 07:32 AM EST They call us problem child We spend our lives on trial We walk an endless mile We are the youth gone wild We stand and we won t fall We re one and one for all The writing s on the wall We are the youth gone wild Youth Gone Wild , Rachel Bolan, David The Snake Sabo (Skid Row) 1989 A Most Peculiar Day How does one even describe the price discovery witnessed or perhaps experienced across several interesting stocks on Monday? OK, not just Monday, but recently, with Monday putting an exclamation point on that action. Is it over? Oh, I would not count on that.

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