|Day Low/High||5.50 / 5.84|
|52 Wk Low/High||4.84 / 35.77|
There is so much going on right now that it is overwhelming.
The longer this continues, the more anxiety there will be about being underinvested.
Study those charts and be ready to act as things develop.
Small, aggressive traders are doing so well with the chasing that they are likely to continue for a while.
There is still strong interest in stock picking which is the most positive thing about this market.
The old saying about not fighting momentum is in play.
There are plenty of opportunities out there, but you have to be quick.
Traders are digging deep to find the next big mover.
I'm focused on stock picking and continue to hunt for more sector plays.
There is some good dip buying on my screens in the early going.
But don't be surprised to see some sudden drops for no apparent reason.
This action is not going to last forever, and the big question now is to what degree it will persist as we finish up the year.
This action is so good that it is impossible to not worry that it is a blow-off top.
The headlines about a new strain of Covid in Europe is what triggered the selling.
Here's a trade in the 'green energy' company as it breaks out higher.
Let's take a look at the overnight and early-morning. price action in the major asset classes. S&P futures +3, Nazzie futures +7, European Markets -, Nikkei -0.53% (see Abenomics discussion below), China Shanghai flat, crude -$1, gold -$18 and the ...
These issues may well be ready to make the transition from trading items to real investable shares.