5/10/2018 The S&P500 breaks through a key resistance level as Apple continues to climb. BABA reaches a quarter shy of 200 and reverses sharply lower. NVDA smashes earnings but drops over 3% anyways.

Fun Fact #46

Since a stock price drops the same amount as the dividend declared, you may be wondering why companies even give out dividends at all.  I recently learned in my accounting class that dividends are a “signal” that the company is financially healthy. 

Growing dividends = healthy company.  It’s as simple as that! 

If SPY can sustain the breakout above 271, we will likely see a test of the resistance zone from 275-280.  

BABA continues to have trouble pushing through the resistance zone from 197.5-200.  An upward break above 200 might send the stock soaring above 205.  I expect some profit taking soon.