Markets and individual stocks swung wildly around Jerome Powell’s discussion yesterday, resolving higher before gapping down and selling off to close at lows today. Futures are green tonight. No doubt it has been tough to get increasingly invested as the indexes are taking a break after being extended into overhead resistance, and volatility is still bucking around pivot points in stocks. Some quality names are showing signs of danger (PERI, AXON, AEHR), but most leaders are holding up quite well. The best thing to do here is to continue to watch the leaders for clear signals and let your portfolio tell you if and where you should increase exposure.
The Next Market Leaders - 2/8
The Next Market Leaders - 2/8
The Next Market Leaders - 2/8
Markets and individual stocks swung wildly around Jerome Powell’s discussion yesterday, resolving higher before gapping down and selling off to close at lows today. Futures are green tonight. No doubt it has been tough to get increasingly invested as the indexes are taking a break after being extended into overhead resistance, and volatility is still bucking around pivot points in stocks. Some quality names are showing signs of danger (PERI, AXON, AEHR), but most leaders are holding up quite well. The best thing to do here is to continue to watch the leaders for clear signals and let your portfolio tell you if and where you should increase exposure.