The major indices are close to flat, but breadth is running 4500 gainers to 3300 decliners, and the Russell 2000 ETF (IWM) is leading with a gain of 0.8%. That is good evidence that this is a market-driven by stock picking rather than the indices and macro concerns.
The pockets of momentum are fairly narrow, but there is strong action in crypto miners, some Trump-related plays, a few SPACs, and other groups favored by speculative traders.
A few crypto-related names on my radar include Hut 8 Mining (HUT) , Marqeta (MQ) , and Cipher Mining (CIFR) . I am also focusing on some of the small-caps that I like fundamentally that have not traded well recently, such as urban-gro (UGRO) , Elys Game Technology (ELYS) , Xeris Biopharma (XERS) , and a few others.
Standard Lithium (SLI) in the lithium sector is breaking out, and Lithium Americas (LAC) in that group also looks good. The Beauty Health Co (SKIN) is another chart I'm watching closely for a breakout trade.
There is much going on with individual stocks, and I like this trading action. I continue to put money to work but still have a good amount of cash to work with.