Momentum Monday – Stock Pickers Having Fun

It looks like a quiet open to the markets this week in the USA. It is the last big week of earnings with hundreds of companies reporting.

The same can’t be said for China.

Good luck leaving:

As always, Ivanhoff and I took a tour of the markets to see where the money was flowing and which trends are starting, ending and holding up best. We each shared a few new ideas and follow-ups as usual.

You can watch/listen right here.

Last week all eyes were on Tesla. This week, we will see if the parabolic rise was the beginning of the end for the stock run. Andrew Thrasher ran a historical data study to ask the question – ‘has Tesla peaked’

Mike Santoli looked at some other wild single stock spikes to see if that meant a market peak was imminent. It was inconclusive.

Charlie B shared his 5 charts of the week that offer a good high level summary of what went on.

Have a great week.

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.

Disclaimer: All information provided is for educational purposes only and does not constitute investment, legal or tax advice, or an offer to buy or sell any security. For full disclosures, click here.