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Sell in May and go away or stay for new all-time highs? Last week finished with fireworks and multiple breakouts. This week starts with another trade war induced decline.
No trend can last without pullbacks which often come when complacency reigns supreme and the giddiness is at all-time highs. Dip buyers have been dominating the tape for most of 2019. This probably won’t change any time soon.
In this week’s Momentum Monday we cover the price action in AMZN, AAPL, FB, and TWTR, which are outperforming in a mixed tape. We highlighted the comeback in financials and the a few setups in software, semiconductors and biotech.
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