|Day Low/High||4.52 / 4.81|
|52 Wk Low/High||3.66 / 11.82|
I may not be a 'true believer,' but the chart setup looks attractive here.
It's best to not be dogmatically bullish or bearish.
Even with the power of stimulus, I don't think the recovery is going to continue to be this easy.
Market players are far more interested in looking for opportunities to buy, rather than to sell.
This argument of fully discounting the economic damage that has been done is at the heart of the current market debate.
Although there is great fear of the economic issues that lie ahead, there is still a hunger for speculative action in the market.
There are small vaccine and testing companies that see their shares spike when a new virus hits, but whether those gains will last is questionable.
Check out just a few of the year-to-date moves coming into Thursday on 8 companies you've never heard of before the last week or two.
Market players have one eye on Fed Chair Jerome Powell who is testifying before Congress.
There isn't any big mystery about what is going on here.