The weekly chart of SODA, a heavily-shorted stock, has staged an impressive breakout above well-defined resistance. I’d be using consolidation to stalk an entry as long as the mid-$40’s holds as newfound support.
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Joined Apr 1, 2010
8,861 Blog Posts
So the ‘great rotation’ is out of bonds back into the most hated equity names? Let’s see how long this trend will last.
What say you, Pete?
Chess interesting how ‘bond guys’ are now turning into ‘stock guys’. New found money for them to manage stock money. Double the fees, double the new homes in the Hamptons 😉