|Day Low/High||11.50 / 13.37|
|52 Wk Low/High||9.68 / 14.48|
Chasing this move may seem undisciplined, but here's what helps to reduce risk.
There isn't much interest in accumulating 'good' stocks with this weak price action.
It's just the nature of trading at times, and we have to work our way through it.
It's a good time for aggressive trading, but not for market timing. Here's what I've got on my radar.
After getting viewed as garbage, SPACs get renewed interest, thanks in part to the Rivian initial public offering. Here are some names I'm watching.
Right now, there is tension between overbought technical conditions and an appetite for speculative trading.
Sure, we've got inflation and low consumer sentiment, but what works for me is trading the action that is in front of my face.
I'm extremely busy with a variety of trades.
Ford and BMW led another funding round of $130 million in 2021, while SK Innovation of South Korea has announced it is investing $30 million.
Wednesday's 'messy' action could have set the stage for the next positive move.
The good news is that this rotation and choppy action helps charts develop for the weeks ahead.