|Day Low/High||4.27 / 4.76|
|52 Wk Low/High||1.09 / 7.57|
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.
This quiet action is what the market needs after the volatility of the past week
The longer this continues, the more anxiety there will be about being underinvested.
It's premature to predict that a low has been made, but plenty of stocks are quite washed-out already and are starting to find support.
My primary goal is to stay flexible and not just sit there.
If you aren't in the favored sectors right now, you are going to miss out.
I believe that the corrective action of the last couple of days should be a platform for some good technical action.
ELYS is starting a major rollout of its casino and sports betting platform in the U.S.
It is important to be selective with your picks, and it is even more important to move quickly.
Nearly 900 stocks are hitting new 12-month highs.
The old saying about not fighting momentum is in play.
I'm focused on stock picking and continue to hunt for more sector plays.
This action is so good that it is impossible to not worry that it is a blow-off top.
The electric vehicle company gets included into the S&P 500 before the bell on Monday, and here's where I see good buys -- and some volatility.
The party isn't over for the SPAC group, but the market needs to sort out the winners from the pretenders.
Here's how I see the action now, and my take on new public offerings and the current worry of some investors.