An experienced commentator in the financial markets, Ken Shreve got his start with Investor's Business Daily in 1995, where he worked under the tutelage of one of the great growth investors, IBD Chairman and Founder William J. O'Neil. Over the years, Ken has taught several high-level workshops with William O'Neil & Co. Portfolio Managers. In recent years, his daily market wrap video was one of the most-visited areas of Investors.com. Ken continues to provide market commentary on national radio and has appeared numerous times on CNBC.
Be careful not to chase overextened stocks, though these names can be safe to pick up sparingly.
New long positions can sour quickly -- but so can shorts.
The worst thing the market could do here would be another rally without proper consolidation.
We've only seen two high-volume declines on the S&P -- though the dollar index remains an area of concern.
On fresh earnings results, can Panera and Chipotle reheat stale market interest?