The strong momentum from last week has cooled off a little Monday morning, but breadth isn't bad at around 3,250 gainers to 4,350 decliners. More importantly, there are over 500 new 12-month highs, which reflects some strong pockets of momentum.
Speculative trading has really perked up again, and traders are looking hard for some big movers.
A few names that are popping up on the trading radar this morning include Sphere 3D (ANY) , Vinco Ventures (BBIG) , Support.com (SPRT) , Katapult Holdings (KPLT) , Globalstar (GSAT) , Meta Materials (MMAT) , and Voyager Therapeutics (VYGR) . These are very short-term trading vehicles, but the traders keep coming back for those that work such as SPRT, so there are multiple opportunities for those that are watching the action closely.
My Stock of the Week is Beyond Air (XAIR) . It is a bit extended, and I'm looking to add on pullbacks as it develops further. There should be some significant news flow there soon.
The crypto sector is weaker this morning, but I'm looking for another leg up in the group after some consolidation of last week's gain.
Trading is tougher this morning, but the speculative interest is encouraging, and I'm looking for it to continue.
