Momentum Monday – Nike, Emerging Markets and Genetic Stocks Are Leading The Risk On Move Higher

This post is by Howard Lindzon from Howard Lindzon

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Good Monday morning everyone.

Last week was a good week for my stocks because software was a leader.

Here is the Stocktwits 25 which is where I start my investing week looking at what sectors and stocks are leading. Oil and banks and retail continue to show up, sectors I could care less about long term, but what a run they have had. The weekly list and email are free.

As always, Ivanhoff and I got together to do Momentum Monday and this week we went through some of my largest positions and faves. I had been stalking $EBAY and it finally broke to all-time highs. We also discuss Nike, Emerging markets and the genetic stocks. You can watch/listen right here and I have embedded the show below:

Ivanhoff’s notes below:

Last week, we talked about the plethora of setups in the software space and the weakness in the so-called old-economy sectors – financials and basic materials which caused the S&P 500 to close below its 50-day moving average. A few days later, SPY closed at new all-time highs led by banks, retailers, oil, biotech, and tech stocks. In other words, almost everything went (Read more...)