|Day Low/High||22.50 / 23.25|
|52 Wk Low/High||9.50 / 34.67|
* Are we witnessing an end to the relentless rise in equities? * Are we witnessing an end to speculation (which, to me, has run amok)? * Rationalizing the irrational, recent boastful claims of speculative trading gains, and criticism of Warren Buffe...
The company designs and manufactures purpose-built, automotive-grade, all-electric vehicles, targeting the low-speed electric vehicle market.
We will anticipate, that's how the market works. No matter how we spin it those are anticipatory moves.
Hot stocks tend to have a second wind after the first batch of rookie traders wash out.
Electric vehicle sector sees lots of action, while jobs news provides a boost to the indexes, despite surge in Covid-19 cases.
To navigate this market effectively right now you have to understand that there are two major groups at work.
'Hot pockets' of speculative action suggest there might be more underlying market support than the pessimists think.
The market pullbacks are more positive than negative.
The EV market is nowhere near saturation yet. I believe we'll have some additional expansion before we begin to see takeovers.
There are plenty of good reasons why this market should struggle but the macro concerns can easily blind you to the micro opportunities.
The key right now is to see if sellers can gain traction or if this is just another 'one and done' event.
It continues to be a very good market for aggressive traders that focus on stock-picking and sectors.
FAANG stocks -- and particularly Apple -- lead the day higher, showing the market continues to defy the headlines.
Right now there's still too many pockets of good momentum to worry much about overall market conditions.
Here's what I'm trading and what's on my radar today.