|Day Low/High||3.62 / 3.84|
|52 Wk Low/High||3.52 / 10.37|
There's one positive I see now in this 'brutal' market.
The hope is that we are hitting peak inflation, but the overall technical picture remains difficult.
This is a tough market right now, but it's nice to see some stealth strength.
I am currently holding around 60% cash and feel well-positioned.
Unfortunately, a heavy overall market makes near-term sledding tough.
Many stocks are building bottoms, but it takes time,
There continue to be signs of support and accumulation under the surface.
Market players are focusing more on stock selection and valuation.
This war has been anticipated to some extent, and that is preventing much worse action so far.
As the market starts to favor stock-picking again, look for POWW to perform well.
If we don't have any afternoon fizzle today, then look for the FOMO to kick up a notch and more capital to flow into equities.
It's just the nature of trading at times, and we have to work our way through it.
It's a good time for aggressive trading, but not for market timing. Here's what I've got on my radar.
Sure, we've got inflation and low consumer sentiment, but what works for me is trading the action that is in front of my face.
Firing off a trade with POWW makes sense, but be aware of your safety switch.
The stock picking is spreading to some of the small-cap values.
Gunmaker Smith & Wesson Brands and ammunition producer Ammo Inc. look attractive amid concerns about personal safety as murders and shootings rise.
Pockets of momentum are narrow Tuesday as rotation continues.
As we end the trading week, I believe these names can still be bought here.
Traders continue to hunt for good action as the gap narrows between extended big-cap stocks and beat-down smaller names.
Trading action seems to be shifting away from social media-driven names and into stocks with solid fundamentals and charts.
With the indices finally joining the party to the downside, we have the potential for some bottoming action.
Despite the obvious negative action in the indices, the underlying action isn't that bad right now.
My positions change very fast and I'm actively trading all these names.