|Day Low/High||11.34 / 12.84|
|52 Wk Low/High||0.88 / 8.80|
Momentum is nowhere near where it was a few weeks ago, but there are a couple of dozen stocks up more than 10%.
All these names, I believe, have potential positive catalysts, but they all can drift lower in a poor market.
Bitcoin names are hot while Cannabis stocks are jumping back. It is a stock picker's market, right now.
The hot momentum is in cannabis names right now, but the setups are developing in the less active smaller caps at the moment.
Study those charts and be ready to act as things develop.
Will 2019 be the year of Unicorn? While the year may not be thought of in terms of pure volume, if we do indeed see Uber and Pinterest joining Lyft with public offerings this year, then we can certainly begin the debate. Should Slack, the We Company...
A slew of major names are poised to go public this year. Here's how to trade stocks like this.
The bears will have to go back to hoping and whining about the Fed.
Some momentum movers are becoming extended and have seen profit-taking Monday.
What was most impressive Tuesday was that the number of new 12-month highs.
Strength in Apple and other FANG names are pluses, as are pockets of action in gold mining, cannabis, biotechnology and shipping.
My methodology is to move incrementally which means taking partial profits into strength and buying partial positions on weakness.
So far there is no bounce in Kraft Heinz which is not a good sign.
Misplaced confidence, IPO mania and historically high valuations mean it's increasingly important for investors to recognize potential negatives on the investment horizon.