Market has lost a bit of momentum
Market has lost a bit of momentum in recent days. Follow through on breakouts is a bit of problem.
A stock that breaks out should find intraday momentum rather than fading. After a breakout stock should immediately have 3 to 5 days follow through before a pullback. Many stocks are just giving up gains post breakout.
A slow selling is apparent in number of stocks. But the selling is more like orderly pullback and not breakdowns.
As of now this looks like slow sideways move.
- cie
- bvsn
- pcyc
- regn
- ilmn
- acat (setting up for breakout)
- soa
- tex
- fsys
- stx (setting up for a breakout)
- moh
- ggc
- ttm
- nflx
- swks
- whr
- txt
- nxpi
- sats
- wprt
- ipgp
- cvi
- mdc
- mdvn
- rrr
- uri
- ra
- hfc
- bwld
- gmcr
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