|Day Low/High||4.51 / 4.94|
|52 Wk Low/High||1.36 / 8.28|
There are better bids today, and breadth is improving.
My positions change very fast and I'm actively trading all these names.
We are heading into some poor seasonality next week and I plan to move incrementally.
The key is to move incrementally as we head into the seasonally best time of the year.
When stocks go up 25% or more like this gaming tech name did Tuesday, then it's a good idea to look at it with fresh eyes and take this approach.
I'm making some quicker trades Wednesday.
Small caps struggle as high price-to-earnings growth names are rolling over.
A number of gambling stocks are up on word that DraftKings plans to buy Golden Nugget Online Gaming.
There just isn't much downside left in most of the small-caps that have already been hit hard.
Let's review Elys Game Technology and why I'm betting it has great potential.
A rotation back into small-cap stocks is gaining steam.
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.
Here are names that I'm slowly accumulating right now.
Stocks with good charts, good fundamentals, and good stories are attracting buyers.
We have some healthy action out there, and charts are developing well.
This is a major shift in character than what we saw just a couple of weeks ago.
Small-caps are looking better, and stock-picking is finally starting to look up.
The market's big problem is that the giant wave of liquidity that supported this market over the past year has dried up.
Here are some biotech and gaming names I am watching as these sectors begin to rotate.
Much will depend on how rotation develops from here.
I'm not convinced that all the stocks that have been pounded this week have bottomed.
It is premature to declare the rotation back into small-cap stocks is dead.
This small casino and sports betting stock has finally found support and is starting to turn up.
The action so far looks to be driven more by fear of being left out than euphoric chasing.
Traders have to move very quickly to stay ahead of the game.
It is easy to be on the wrong side of the trade.
Some mixed action is favorable as it sets the stage for a more aggressive push higher next week.
The key here is bonds.
All these names, I believe, have potential positive catalysts, but they all can drift lower in a poor market.