|Day Low/High||0.71 / 0.73|
|52 Wk Low/High||0.14 / 3.96|
We've got moves in AMC, GameStop and even Bed Bath & Beyond. But I'm playing Nokia and here's why.
If speculation is coming back into the market, then buying the breakouts and winners is the way to go.
AMC Entertainment is stealing the spotlight again.
Sentiment has improved, but the key to the price action will be whether there are higher highs following early profit-taking.
Momentum is cooling but there continues to be pockets of hot action, particularly in bitcoin.
When any resemblance of fear or risk management returns, we'll likely have a sharp, but buyable dip in quality names.
For those not fundamentally inclined, check out my trade idea on the cult cannabis name.
The interest in stock picking keeps the mood very positive, and I don't see that shifting too quickly.
A tremendous amount of liquidity is sloshing around, and smaller traders are rampaging from one hot stock to the next.
More than a handful of SNDL traders appear over-committed either emotionally or financially.
There are much better places an investor can put their hard-earned cash, whether they want an aggressive or a moderate name.
What's most important about this market is understanding which themes are driving the action.
I'm been focusing more on stocks coming off their lows rather than breakout plays.