|Day Low/High||27.54 / 28.32|
|52 Wk Low/High||9.71 / 30.17|
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.
There's some messy action Wednesday as many of the names I follow are trying to digest earnings reports.
To me this looks like just a temporary reset and not a failed breakout.
It's getting a little frothy out there.
The stock picking is spreading to some of the small-cap values.
There's much going on with individual stocks, and I like this trading action.
The good news is that this rotation and choppy action helps charts develop for the weeks ahead.
The most fascinating trading is in Digital World Acquisition which is a SPAC that announced a deal with Trump Media.
Action looks healthy after last week's bounce.
The market is showing positive signs of sustained momentum.
The question now is whether the lows that were hit on Wednesday morning will serve as short-term support as we move into earnings season.
There's good follow-through buying Thursday, but another good close is needed to restore confidence in an uptrend.
Let's check on the charts and indicators.
The technical data is limited for the provider of delivery system to cleanse, extract and hydrate skin, but the signals point higher.