In recent days the Stockbee Market Monitor indicator #of stocks up 50% in month was above 20. Such extremely bullish phase leads to pullbacks / correction in small timeframe. So I am a bit cautious.
You can see previous incidences where the readings went above 20 and in few days there was distribution.
Anticipation candidates on my list currently are:
AMZN
ERN
NTLS
NFLX
ALSK
ZAGG
SHOP
Overall it is mixed market with some select momo moves working .
You can see previous incidences where the readings went above 20 and in few days there was distribution.
Anticipation candidates on my list currently are:
AMZN
ERN
NTLS
NFLX
ALSK
ZAGG
SHOP
Overall it is mixed market with some select momo moves working .
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