Happy Monday…
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Let’s get right to this weeks Momentum Monday video with Ivanhoff and I sharing some fresh ideas ($TWTR $ADYEY) and walking through the momentum landscape. It is short and sweet because this market is itself quite sweet. I will say that mid week I was nervous about all the speculative price action but by the end of week with breakouts in Starbucks, Disney and Toyota, I was back in my ‘if it ain’t broke…don’t overthink it’ mode. Hope you enjoy the episode:
You can watch/listen here and I have embedded the video below:
I would like to share some other interesting charts and ideas and links that tie to the Momentum Monday mantra.
Here is this weeks ‘Stocktwits 25‘ which lists the highest momentum stocks of the past weeks and months.
Here is Charlie’s 5 chart Friday weekly share.
Here is a look at the excessive optimism. Things will obviously cool down, but I have no idea when.
The small caps are looking good. This pattern might mean they continue to outperform.
The leading asset class since 2008 is still the Nasdaq 100 – That is why you have been hearing me say $qqq over $spy for so many years.
The cloud computing boom just keeps chugging along.
We are probably tempting the sell-off gods with the behavior of IPO’s and SPAC’s, but I won’t try and predict the point when it matters. Jamie Catherwood does an excellent job of detailing and summarizing the history of IPO’s and SPAC’s.
In the meantime, Snowflake ($SNOW) is the MOST highly valued large cap company in history.
My friend Doug (he is a great Twitter follow) and his wife are begging the market gods to smack us after creating this pair of Nike’s I MUST OWN:
One of my big misses of 2020 was selling Restoration Hardware too soon after the bottom in March. I have been eyeing this DTC company LoveSac the last few weeks – website here– and it seems like an interesting breakout opportunity for small cap fans. I would love to hear from anyone that has used the products. Thanks.
My favorite chart of the week offers some great context to what we have been seeing in the markets. While the big tech leaders have stalled out the market cap weighted index, the equal weight index has ripped. People are making money spreading their bets and picking stocks.
Have a great week.