Momentum Monday – What A Bounce In Stocks

The charts in this video are powered by MarketSmith

What a bounce in stocks last week. Almost everything went up while the U.S. Dollar was smashed.

Here are the ETFs that made new 52wk highs ahead of the indexes last week. They have the potential to be among the new leaders for the rest of the year: 

Biotech XBI, medical devices IHI, and healthcare providers IHF;

Clean tech- PBW, semiconductors – SMH, social media – SOCL, Internet – FDN, robotics and automation – ROBO;

China KWEB had a big breakout and held it despite relative weakness in its biggest holding BABA and the pull of the most anticipated IPO – Ant Financials;

Cannabis MSOS is another potential winner from the change in administration. 

Try my new subscription service which includes a private Twitter feed with option and stock ideas, emails with concise market commentary and actionable swing, intraday, and position trade ideas, the Momentum 50 list of market leaders, and much more. See some of the recent testimonials.


Here’s a Google spreadsheet tracking all closed option and stock ideas shared on my private Twitter stream and emails for subscribers.

Check out my free weekly email. to get an idea of the content I share with members.

Disclaimer: Everything I share is for educational and informational purposes only and it should not be considered financial advice.