Consolidated Edison Inc
Change company Symbol lookup
Select an option...
ED Consolidated Edison Inc
FRAN Francesca's Holdings Corp
BAR GraniteShares Gold Trust
DGSIX DFA Global Allocation 60/40 Portfolio Institutional Class
TTWO Take-Two Interactive Software Inc
HL Hecla Mining Co
HSTM HealthStream Inc
BAC Bank of America Corp
JOB GEE Group Inc

Utilities : Multi-Utilities | Large Cap ValueCompany profile

Consolidated Edison, Inc. (Con Edison) is a holding company. The Company operates through its subsidiaries, which include Consolidated Edison Company of New York, Inc. (CECONY), Orange and Rockland Utilities, Inc. (O&R), Con Edison Clean Energy Businesses, Inc. (the Clean Energy Businesses) and Con Edison Transmission, Inc. (Con Edison Transmission). CECONY's principal business operations are its regulated electric, gas and steam delivery businesses. CECONY provides electricity, natural gas and steam to customers in New York City and Westchester County. O&R's principal business operations are its regulated electric and gas delivery businesses. The Clean Energy Businesses develop, own and operate renewable and energy infrastructure projects and provide energy-related products and services to wholesale and retail customers. Con Edison Transmission, through its subsidiaries, invests in electric transmission facilities and gas pipeline and storage facilities.

Closing Price
Day's Change
-0.24 (-0.27%)
B/A Size
Day's High
Day's Low

10-day average volume:

UPDATE: This chart shows a good sign for tech stocks, but the bear is ready to pounce

4:55 pm ET November 28, 2018 (MarketWatch)

By Nigam Arora

Tech investors aren't out of the woods yet, despite positive earnings from Salesforce and Nutanix

After President Trump's tweet about a potential 10% tariff on iPhone imports from China, investors' heightened attention to technology stocks moved a notch higher.

Becky Quick of CNBC was in tune with investor concerns, as shown in this segment, ( but it was my answer to the spot-on question from Andrew Ross Sorkin on tech stocks that has generated the most emails. At a time when gurus' calls are on both bullish and bearish sides, many investors found some clarity in "Here's how to tell if stocks will enter a bear market or rise to new highs ("

Important events are ahead. Let's update the situation with the help of a chart.


Please click here ( for an annotated chart of Nasdaq 100 ETF (QQQ). I chose the chart of this ETF over the Dow Jones Industrial Average , the S&P 500 ETF (SPY) and the small-cap ETF (IWM) because of dominance of tech stocks in the Nasdaq 100. The four largest components in the Nasdaq 100 are Apple (AAPL), Amazon (AMZN), Microsoft (MSFT) and Google (GOOGL)(GOOGL). Please note the following:

-- The chart shows a move above the trend line. This is positive.

-- The chart shows a very short-term bottoming pattern. This is positive.

-- The chart shows RSI (relative strength index) divergence. In plain English, this means that although the price fell below a prior low, RSI did not go as low. This is a mild positive.

-- As the chart shows, the overall pattern of RSI is positive.

-- The low came on somewhat heavier volume. This is mildly positive. However, this is a low conviction point; a significantly higher volume would have increased the probability of this being a bottom.

-- As the chart shows, the rally is on low volume. This is negative.

-- Positive earnings from Salesforce (CRM) and Nutanix (NTNX) are creating positive sentiment.

-- Smart-money flows in semiconductor stocks such as Applied Materials (AMAT) and Micron Technology (MU) have turned to neutral from negative. Smart-money flows have been positive in Intel (INTC) through most of the tech decline; interestingly, Intel has held up well during this period. Smart-money flows turned positive in AMD (AMD) at the depth of the selloff. You already know from my writings over the years that smart-money flows have a great track record. The cherry on top is that smart-money flows were negative in Nvidia (NVDA) when the stock was trading around $290, momo (momentum) crowd flows were positive and it was the darling of tech investors. Smart-money flows stayed consistently negative on Nvidia, and ultimately the stock fell to as low as $133. Please see "The poster child of bull-market excess just dimmed the prospects of the broader stock market (" to see how money flows provide you with an edge.

-- For the medium term, the bear is ready to pounce on some high-flying tech stocks. Popular high-flying tech stocks can be cut by 50% or more from their highs, as explained here (

Ask Arora: Nigam Arora answers your questions about investing in stocks, ETFs, bonds, gold and silver, oil and currencies. Have a question? Send it to Nigam Arora (

What to do now

There are times to have high conviction because the data support it. Over the years, you have seen my calls on stocks ranging from sell everything or hedge in 2007, to go aggressively short in 2008 and then back up the truck and buy in 2009. You have also seen my calls to sell gold at $1,904 an ounce and silver at $50 an ounce, both of which turned out to be the tops.

The data do not support high conviction in the medium term at this time. In the short term, it all comes down to the Federal Reserve's policy and the result of President Trump's meeting with China's President Xi, as described here (

For market timing, I follow the ZYX Asset Allocation Model, which has inputs in 10 categories. Please click here ( to see the 10 categories.

Disclosure: Subscribers to The Arora Report ( may have positions in the securities mentioned in this article or may take positions at any time. Nigam Arora is an investor, engineer and nuclear physicist by background who has founded two Inc. 500 fastest-growing companies. He is the founder of The Arora Report, which publishes four newsletters. Nigam can be reached at (

-Nigam Arora; 415-439-6400;

(END) Dow Jones Newswires

November 28, 2018 16:55 ET (21:55 GMT)

Copyright (c) 2018 Dow Jones & Company, Inc.

Earnings Calendar and Events Data provided by |Terms of Use| © 2019 Wall Street Horizon, Inc.

Market data accompanied by is delayed by at least 15 minutes for NASDAQ, NYSE MKT, NYSE, and options. Duration of the delay for other exchanges varies.
Market data and information provided by Morningstar.

Options are not suitable for all investors as the special risks inherent to options trading may expose investors to potentially rapid and substantial losses.
Please read Characteristics and Risks of Standard Options before investing in options.

Information and news provided by ,, , Computrade Systems, Inc., , and

Copyright © 2019. All rights reserved.