Momentum Monday…First The Crash…Now The Rally…Next?

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This could be a big turning point week for the markets. The last few weeks stocks have rallied from their crash mode on terrible COVID-19 news.

This week I expect a lot better medical news but would not be surprised to see stocks rollover.

Here is Ivanhoff’s take on the week ahead.

As always we put together our weekly Momentum Monday episode. You can watch/listen here.

The VIX has fallen 50 percent but still over 40 which is very high.

Cell Tower and Data Center REITS have bounced 30-50 percent back to all-time highs. I put together a list of these stocks for people to learn and follow on Koyfin. Here is the list.

Cloud stocks continue to lead as well – a mix of consumer and enterprise leaders like $DOCU, $OKTA ad $ZM.

Ivan and I also share a few biotech stocks that are pushing through to all-time highs.

I plan to sit on my hands mostly this week as technically stocks should face a lot of resistance as they have surged to downward sloping moving averages.

Have a great Monday.

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