|Day Low/High||11.46 / 12.75|
|52 Wk Low/High||2.40 / 9.75|
Here are some biotech and gaming names I am watching as these sectors begin to rotate.
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.
Momentum is nowhere near where it was a few weeks ago, but there are a couple of dozen stocks up more than 10%.
This quiet action is what the market needs after the volatility of the past week
While there are some good setups for stock pickers, the momentum is fizzling out very fast.
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.
As the crazy market move continue, I'm taking a bet on Esports Entertainment Group.
Here's why self-awareness is key to good trading -- and a list of hot picks on my radar.
The main themes are bitcoin, cannabis, stocks priced under $10, small biotechnology, and small-caps in general.
Study those charts and be ready to act as things develop.
It is important to be selective with your picks, and it is even more important to move quickly.
Overall the action is relatively mild, which is quite healthy after the chaotic 'flash crash' that occurred yesterday.
Small, aggressive traders are doing so well with the chasing that they are likely to continue for a while.
I'm focused on stock picking and continue to hunt for more sector plays.
Here's what I'm trading and what's on my radar today.
The speculative frenzy is cooling as small-cap volatility heats up.
I'm staying selective with new trades and am keeping stops quite tight.
What is interesting for traders is the increased movement in some of these secondary stocks.
For traders, it may be time for you to embrace the sloppy seconds on the trading and scalping side.
This is still a stock-pickers market as pessimists and optimists battle it out.
I may not be a 'true believer,' but the chart setup looks attractive here.
Here are some groups and names I've got my eye on.
The winners of the post-coronavirus world are leading the Nasdaq higher.
Stocks are not moving in highly correlated action, which favors stock-pickers and technical buyers.