Is This a Momentum Market? Expert Analysis and Insights
The market took a breather this week, digesting last week’s gap down. It’s been interesting to see signs of a shift towards a Momentum Market after years dominated by Mega Cap stocks. Many momentum names are running high now and might need a bit of pruning.
I’m keeping an eye on the strongest stocks and planning to adjust my stops while carefully deploying capital into those showing new buy opportunities. It’s all about tracking the trends here.
The market analysis tells us there’s been some healthy action, especially with momentum stocks showing strength, possibly marking the start of a “Momentum Market.” Let’s dive into the charts and see what they reveal.
In terms of disclosure, I currently hold beneficial long positions in SE, VST, GEV, Z, AFRM, VRT, DASH, RKLB, ALAB, DUOL, SNOW, PLTR, RDDT, UPST, CVNA, TSLA, BTC-USD, and QQQ, whether through stock ownership, options, or other derivatives. This article reflects my personal opinions, and I have no financial ties to any company mentioned. Remember, past performance doesn’t guarantee future results, so always do your research before making investment decisions.