New Providence Acquisition's chart looks poor right now, but this name is on my radar, and I'm starting to build a position.
The revenue and earnings beats are nice but that's not what really got me fired up.
Overall the action is relatively mild, which is quite healthy after the chaotic 'flash crash' that occurred yesterday.
It's difficult to imagine oil moving higher from here without significant help from further weakening in the greenback.
We're in the middle of one of the best housing markets ever as people upgrade to homes away from cities.
Will the vaccine will be a game changer? The charts are giving indications that J&J is ready to run.
Let's review the charts and indicators.
As a trader who at times takes short positions, I don't know whether to stand up and applaud this group or to fear them.
That 'dumb' money can overpower giant hedge funds and create massive, short squeezes is a good indication that there is still plenty of buying power out there.
With few exceptions, there isn't a stock that could bring down this market.