Momentum Monday…Just When I Thought I Was Out They Pull Me Back In!

If you were short the markets last week…here is what it felt like to wake up this morning.

Imagine Pacino saying this famous line but acting excited….that is me today.

It’s Monday and time for the weekly episode of Momentum Monday with my pal Ivanhoff. As a reminder, Marketsmith (by Investor’s Business Daily) is now a sponsor of the weekly show. All the charts you have been seeing in the videos and will continue to see are from Marketsmith. They are offering my readers a three week trial for $19.95. Click this link if you would like to try it out.

Click right here for today’s episode or watch it below in the embed:

I am happy to see a lot of names hitting new highs (none of them are FAANG stocks).

The new all-time high leaders are drug, healthcare and biotech stocks as well as non bank financials. E-commerce ($ETSY – long) and enterprise software stocks ($TWLO) are at all-time highs as well.

Ivan and I go through a lot of new individual names and ideas in the show, so have a listen to the episode.

Have a great week.

PS – I like this post from JC titled ‘When in Doubt Zoom Out‘. The enemy of good investing and trading is chasing. Taking a step back and looking at the markets from longer time frames can be a great help.

Also published on Medium.