We are likely to get sell the news reaction as the entertaining drama on Govt shutdown is over. Markets have repeatedly bounced back from corrections in last few months , but have been unable to make convincing new high.
Underlying setups on many momentum stocks also show damage from recent selling and bounce. Many stocks that bounced back did so on low volume and are prone to failure.
The recent action in Chinese speculative stocks with no profit and negative sales is another sign of lack of good leadership. When traders start chasing Lottery Ticket stocks , always keep one eye on exit door.
Stock likely to breakout soon:
Underlying setups on many momentum stocks also show damage from recent selling and bounce. Many stocks that bounced back did so on low volume and are prone to failure.
The recent action in Chinese speculative stocks with no profit and negative sales is another sign of lack of good leadership. When traders start chasing Lottery Ticket stocks , always keep one eye on exit door.
Stock likely to breakout soon:
TSL
KTOS
AMED
EJ
GME
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