|Day Low/High||30.70 / 32.68|
|52 Wk Low/High||9.45 / 47.80|
Three stocks top my list for plays: Velodyne Lidar, Luminar Technologies, and Collective Growth Crop.
I would consider booking profits and significantly reduce your long exposure.
What happens when the dream portion of the market collides with the real stock market?
Despite negative volatility, at this point it looks like a pause in the uptrend and not a major top.
The action in the SPAC names is classic 'hot sector' trading.
The primary focus is on the price action in individual stocks rather than macro-arguments or the technical condition of the indices.