Stock Watchlist May 11th 2021

Shortened holiday weeks are generally bullish and this week so far has proven this theory. In addition, we have Q1 in the books. It feels like we’re seeing a hint of rotation back to tech. Normally I’d think this move isn’t “real” but with Earnings season ramping up in a month or so, I expect…

Good morning all! For QQQ we’ve been in a downtrend which started Feb 16th, and it affected tech and momentum stocks the most. During this time, oil, banks, retail and airlines outperformed. In a healthy market, money should be flowing from one sector to another. When we see ALL assets begin falling, that’s a warning….

AAPL – (dip buy on watch) – yesterday we saw a fakeout on both sides. Morning started with a quick drop, then a big pop to highs of 125.95. I noted within our group that I didn’t like the look of AAPL/market when it started giving up the gains from that pop. Anytime we see…