The charts in this video are powered by MarketSmith
The Senate flipped blue. The market was somehow expecting that as solar, EVs, batteries, other clean energy, cannabis, infrastructure, and Chinese stocks have been rallying ahead of that. Most of them continued higher after the election results. Many are extended for new swing entries and are likely to offer better opportunities when they pull back or consolidate sideways for a few days/weeks.
Inflation expectations continue to rise. Interest rates jumped which boosted financials. Saudi Arabia cut oil output which sent energy stocks higher. Quite a few momentum stocks that took a dive late last year, bounced towards the end of the week. In other worlds, the bull market is still strong and going.
Mega-caps underperformed last week while the rest of the market has been strong. This has been a sign of risk-seeking as of late as capital hasn’t left the market but rotated into smaller caps.
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.
PERFORMANCE
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.
