Tuesday 4 January 2021
Semiconductors and Software groups getting hit hard today with multiple stocks with big declines and more moving below their 200 day MAs.
$SHOP (Stage 4 breakdown attempt), $BILL, $NET, $AMD
Energy stocks from the watchlist following through today to the upside while Tech names are breaking down. Similar group rotation to what we saw through early 2021.
Traditional auto stocks following through strongly again today with a Stage 2 breakout to new highs in Toyota $TM and new highs for $F and $GM
$CTRA in the energy group Exploration & Production - moving through the 50 day MA and +1x ATR level today in the potential backup zone from the Stage 2 breakout.
$LQDA Stage 2 continuation breakout to new highs on strong relative volume today for this single digit midget. At the +3x ATR level, so getting extended. Hence will be watching for how it behaves relative to todays Significant Bar.
isatrader
Fate does not always let you fix the tuition fee. She delivers the educational wallop and presents her own bill - Reminiscences of a Stock Operator.
Fate does not always let you fix the tuition fee. She delivers the educational wallop and presents her own bill - Reminiscences of a Stock Operator.