Is this yet another ‘V’ shaped recovery? Only time will tell.
The thing we can do is look at stock setups and the Stockbee 50 provides a great list of stocks with above average momentum.
Stocks with above average momentum, move in sharp 3 to 5 burst of 8 to 40% magnitude. For a swing trader they offer a good 3 to 5 days opportunity.
Stockbee 50 list can provide candidates on the long side as well as on the short side. The stocks that have gone up a lot or are extended can offer short opportunity if they breakdown.
Today’s top 5 biggest winners from Stockbee50 list were DRNA(18.88%), ADXS(14.14%), ALDR(14.85%), CEMP(11.19%) and JOB(11.11%).
Today’s top 5 biggest losers from Stockbee50 list were WATT (-10.25%), NDRM(-10.16%), GMO(-6.45%), CNAT(-6.30%) and LEDS(-6.19%), MBII(-6.19%).