Momentum Monday – Traders Have A Lot To Choose From
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Good morning everyone. Momentum Monday is a day late as the markets were closed for Memorial Day.
As you know, I start each week looking through The Stocktwits 25 which is free and anyone can quickly sign up.
Ivanhoff and I get together Sunday to rip through the markets and see if there is anything we are excited about or worried about in the markets as we look at the leaders and momentum.
You can watch this weeks episode here. I have embedded it below on my blog…
Ivanhoff’s thoughts are below…
The S&P 500 is consolidating in a tight range near its all-time highs. The Nasdaq 100 is not too far behind. The small-cap index, Russell 2000 is back above its 50-day moving average. In other words, the market is hitting on all cylinders. For the most part, everything is rising. This is a notable change of pace compared to the last two months which were characterized by frequent sector rotations – when basic material and financial stocks went up, tech suffered, and vice versa. The one thing that has remained the same is the short-term nature of most moves. We continue (Read more...)