All charts on Momentum Monday are powered by MarketSmith
We continue to trade in a market of stocks environment. While the small-cap index, Russell 2000 (IWM) is struggling under its 50-day moving average and financials are sliding despite rising interest rates, large-cap techs are within a striking distance of new all-time highs.
On the latest Momentum Monday, we go over some stocks that are holding well like BA, DIS, AAPL, AMZN. We discuss the price action in financials, Chinese stocks and a few stocks on the SL50 list.
Don’t forget to check out my latest book: Swing Trading with Options – How to trade big trends for big profits.