|Day Low/High||5.60 / 6.34|
|52 Wk Low/High||1.42 / 10.89|
Don't be in a rush. The key to accumulating stocks in this environment is to move incrementally.
This has been a narrow market, driven by some big-cap technology names and now the most severe corrective action is in those same names.
What's most interesting about this market is how market players continue to hunt for entries despite all the warnings and negativity.
Here are several names I'm looking to build on further weakness.
I'm concerned about breadth, and if we start seeing 3 to 1 negative breadth then I'll be very concerned.
I continue to be concerned about the price action of the indices but I can't complain about the stock picking.
The Nasdaq 100/Invesco fund and big tech names are looming large once again.
I've been having some very good luck with biotechnology names lately.
Liquidity, FOMO and a short squeeze are driving market action.
Misplaced confidence, IPO mania and historically high valuations mean it's increasingly important for investors to recognize potential negatives on the investment horizon.