Job report bounce needs follow through

Market had a big bounce on Friday . Before that it was in a pullback mode. A mild pullback mode is the apt term for that action.

Rotation continues to be the theme of the market. Many momentum leaders continue to witness correction. However new sectors and stocks continue to breakout.

The Stockbee50 lists give you a good handle on this shifting dynamics in leadership. If you look at the leaders on 21 and 65 days momentum list you will see the stocks where money is rotating in to.

This continues to be good market for swing traders focusing on momentum bursts.

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