I think the market is getting at least a little ahead of itself.
I will come back to these names over and over again as we are now in the sweet spot for many.
These names are displaying both technical and quantitative deterioration.
The biggest challenge I see right now isn't overall market conditions but finding individual stocks that are ready to run.
The rotational nature of this action is making for some tricky trading.
I'm long MRNA and have been since the beginning of the pandemic.
How much chasing do we want to do at this point?
Shares of this biotech company look like a good opportunity.
There are reasons to proceed with extreme caution in the current market, including the possibility that the U.S. won't have a divided government.
I'll need to see more price action first.