Stay focused on stock picking, sector strength, and themes as the Russell 2000 works to build on a breakout move.
A frenzy of buying took over the small caps that have been lagging since February.
The big question is whether this breakout will produce sustained momentum as the rotation into these smaller names begins.
I'm extremely busy with a variety of trades.
This is still a two-tiered market with many stocks that have strong fundamentals and technical setups.
With Amazon and Apple struggling, positive seasonality and the Russell 2000 chart setting up, the environment looks good for smaller and secondary stocks.
Ford and BMW led another funding round of $130 million in 2021, while SK Innovation of South Korea has announced it is investing $30 million.
Google search interest in SPACs has soared in the past week, reaching its highest level since February.
Wednesday's 'messy' action could have set the stage for the next positive move.
These renewable energy favorites include nuclear, hydrogen, wind, and solar stocks, among others.