By Jeff Pierce
Below are a few screenshots of some of the strongest stocks in the market. If you are looking for some trade ideas for momentum stocks, you’ll likely find a few you’ll like there.
Gold has been working it’s way back down to retest the lows. It may not make it as it’s retesting the October lows and that may be enough. If you’ve been looking to get long gold now may be a good time. It’s a better time then trying to buy the June/July sell off…at least. Having that retest put in is the first step to stopping the hemorrhaging of a sell off. Now if it breaks support…all bets are off.
If you’re trying to pick a top on this chart …..good luck with that.
An Apple a day…keeps the Nasdaq afloat. OK…so I’m not a poet.