Stock Market Technical Indicators & Analysis
Dr. Wish It is pretty persuasive when many of the stocks doing well come from the same industry. Here is the list of 9, sorted by Wednesday’s close/lowest price the past year. Two of them ( APOS and AESI) are IPOs within the past year and have a “…” result. Coal is hot! Even XOM made the list!
When all looks weak, it is easier to see the potential new leaders because they show up on the all-time high (ATH) list. When the market turns up, some may take off.
One of them, SGEN, has a recent GLB and volume spikes on up days (black bars). It is worth researching. It is a biotech with no earnings and may be a takeover candidate.
Jesse Livermore might say, time to go fishing….. Darvas would call it a market for the birds. O’Neil would stay away, as I suspect would Minervini. And the perspicacious and man of few tweets, David Ryan, said on August 24:
