|Day Low/High||24.48 / 26.23|
|52 Wk Low/High||8.95 / 28.75|
The interest in stock picking keeps the mood very positive, and I don't see that shifting too quickly.
It's hard to call a stock that doubled over the past six months oversold, but that is indeed what we see.
Study those charts and be ready to act as things develop.
What's most important about this market is understanding which themes are driving the action.
Small, aggressive traders are doing so well with the chasing that they are likely to continue for a while.
The folks that are waiting for the market collapse are going to have to keep waiting.
Although the action in the indices today isn't very impressive, the stock picking under the surface is extremely robust.
But don't be surprised to see some sudden drops for no apparent reason.
This action is not going to last forever, and the big question now is to what degree it will persist as we finish up the year.
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.
I prefer Lithium Americas over Piedmont Lithium, and here's why.
This is all about trading fast-moving speculative stocks.
This great trading action comes in an environment with so many dramatic news headlines.
Stock picking isn't working nearly as well today and that is a warning sign we have to heed.
There's very strong trading in biotech, SPAC, EV, and other names.
This is a great market for trading, so trade it.
Stick to themes like biotechnology, SPACs, EV batteries, and others.
Market players aren't dumping stocks, they are just looking for better opportunities.
Causing some concern is that volatility indices such as VXX and UVXY are running higher despite the strength in the indices.
There is plenty of chasing of the strength which is an indication that FOMO is in overdrive again.
The stock has a V-bounce appearance to the price action.
Has this beaten-down sector finally turned a corner and set itself up for a new expansion wave?