|Day Low/High||28.50 / 30.50|
|52 Wk Low/High||9.72 / 30.95|
My positions change very fast and I'm actively trading all these names.
The process of closing the gap between large-caps and secondary stocks may be starting today.
The move on Thursday wasn't as much a surprise as it would seem, but now we must look to what could happen next.
A number of gambling stocks are up on word that DraftKings plans to buy Golden Nugget Online Gaming.
There are plenty of small-caps that have finally bounced and are now consolidating.
Much of the action has to do with the disconnect recently between the indices and the vast majority of individual stocks.
We're going to see some random action in front of the weekend.
The end of the quarter means a new round of quarterly reports is near, so it pays to keep an eye on favorite names.
Technology strengthens, while the Dow Jones industrial average and Russell 2000 lag.
The tricky part is that sector strength is shifting fast.
Action like this sometimes leads to a 'don't short a dull market' response.
I don't want to sound negative as it's a major positive that there isn't aggressive downside follow through.
Stocks with good charts, good fundamentals, and good stories are attracting buyers.
Here are some biotech and gaming names I am watching as these sectors begin to rotate.
Of 56 recent ARKK buys, only two are trading in positive territory Wednesday.
The good news is that this sort of action always eventually leads to great stock picking.
The best momentum on my screens right now are the U.S. cannabis plays that are referred to as Multi-State Operators.
It is premature to declare the rotation back into small-cap stocks is dead.
I'm feeling better about more aggressive stock picking, but I'm staying selective.
Rebuying a stock that you have previously sold can be an extremely powerful trading strategy.
I'm hoping that we see some more rotational action rather than a broad market correction.
Trading in biotech stocks and a particular SPAC play are on my mind.
Quite a few stocks are fading right now -- not due to poor fundamentals, but due to lack of buying interest.