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.
Good morning everyone.
I will go straight to the Momentum Monday video that Ivanhoff and I do each week. You can watch/listen right here.
In August, I wrote about the trend developing in the solar stocks. The solar ETF $TAN continues to hit highs.
Ivanhoff’s reading of the market is a pricing in of a second COVID wave:
Anything related to social distancing has been outperforming notably – software (DDOG, CRWD, TEAM, NOW, SPLK, OKTA, ZS, FSLY, AVLR, UPWK, MDB, TTD, WDAY, HUBS, PLAN, PCTY), work and leisure at home (PTON, TDOC, LVGO, DOCU), diagnostics (NVTA, NTRA, DGX, QDEL,etc.), social media (TWTR, PINS, SNAP). If the same theme persists, we are likely to see online retailers wake up as well (AMZN, BABA, SHOP, JD, ETSY, JMIA, etc.).
Have a great week.
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.