We saw LinkedIn start to break its steep uptrend over the past few weeks, a stock and litmus test I referenced in my video recaps quite a few times. And Netflix also showed some signs of aging last week, as well.
Headed into this week, keep an eye on the following marquee momentum stocks: BLOX NXST VIPS YY. They have been absolute monsters in recent months, as you can see on their updated daily charts below.
What I am looking to see is whether they can, well, weather a potential gap down on Monday and avoid the type of swift, high volume selling and bear flaggy bounces that LNKD NFLX saw last week.
Keep in mind that calling a top to these momentum monsters is a uniquely difficult endeavor. Rather, I am simply looking to stress test them to see if they continue to be high quality long momentum setups in a selective market.
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comment on HCA from friday, stock back down to bottom end of flag. might be buy here.
Thanks, matt.