While the S&P 500 looks quite euphoric, many stocks are far from it.
You never want to be caught in a counter trend rally.
This uranium stock has continually bounced off its 50-day SMA since February.
There's not a compelling bullish case at this point.
Let's review the charts and indicators.
I'd rather be late jumping in on a bottom fish than jump in too early.
Don't forget, this is a very large company with a lot more than the vaccine going on.
Several signs point to underperformance for energy names in the near term.
Let's look at the charts and technical menu of CAKE.
Stay focused on sectors and rotational action if you want to navigate the action.