The bulls made a solid stand today after nearly breaking some key levels to start the trading day. At one point, early on in the trading day, $TSLA looked like it was heading straight for $200, and possibly below. Then we get word of Auto tariffs being delayed, and everything zooms higher. Even the $UBER & $LYFT.
Indeed, the is the type of news driven market we are in, all while fake meat is leading the charge– $BYND. I hate fake meat by the way. I’ve never tried it nor will I ever try it. Please don’t convince me, I like my Boudin too much. Thank You.
Oil is trading up a bit here in the after hours session, which is likely the key to this rally. So long as oil trades higher, so will stocks. Be very careful should you see crude start to sell off.
As for where the momentum is, it still lies in the recent iPOs. That damn $ZM is a beauty, and must be monitored here. Here are the top movers on our momentum screen in Exodus. The full list from members can be found HERE.
Zoom Zoom.
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