The Russell 2000 led the way higher yesterday with a gain of +1.93%, made breadth great again and this happened.
The sectors that have been lagging for weeks were the best-performing sectors yesterday; Bios, Banks, Energy, Small caps. Facebook, Amazon, Apple, Google, Netflix, Tesla, were down for most of the day until a late day push (Netflix and Tesla closed lower).
Risk on happened real fast, the key will be follow through, the Russell 2000 has been stuck in a range 6-months and now is testing the upper end of its range.
$KEM, $SGMO, $MZOR, $TRVG, $BZUN, $WKHS, $GRUB, $PDLI are the stocks on my watchlist today. These names are some of the top momentum names currently that are going through a low volatility period. We want to get involved at the first sign of expansion.
Stocks move in short term momentum bursts that typically last about 3-5 days.
Here are two examples;
Stock Of The Week Recap
Frank Zorrilla, Registered Advisor In New York. If you need a second opinion, suggestions, and or feedback in regards to the market feel free to reach me at firstname.lastname@example.org or 646-480-7463.
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