What I see on the tape:
- UK new strain going wild - more FUD
- in and out of UK restricting - international travel down
- hospital/death rate for COVID going ATH - more attention on healthcare
+ US Stimulus talk looing positive for small package - assets rise. Dollar fall. Robinhooders with money... meme stocks?
+ Stimulus bill has infrastructure component - big box retailers, regional banks? $AMZN, $OSTK, $W, $LOB?
+ banks are now allowed to buy back shares - $XLF
+ SPACs are still hot. Had recent down trend but many breaking that trend - $LAZR, $PIC, $CIIC, etc
+ new IPO names rebounding- $SNOW, $ABNB, $DASH, $LMND
+ BTC going record high with metals weakness - $PYPL, $SQ, $RIOT, $MARA, etc.
+ vaccine news keep coming - $JNJ
+/- SP500 rebalancing brought FAANG price down with $TSLA inclusion - BTD
With above clues, I am looking for the names that will be on this week's rotation....
- UK new strain going wild - more FUD
- in and out of UK restricting - international travel down
- hospital/death rate for COVID going ATH - more attention on healthcare
+ US Stimulus talk looing positive for small package - assets rise. Dollar fall. Robinhooders with money... meme stocks?
+ Stimulus bill has infrastructure component - big box retailers, regional banks? $AMZN, $OSTK, $W, $LOB?
+ banks are now allowed to buy back shares - $XLF
+ SPACs are still hot. Had recent down trend but many breaking that trend - $LAZR, $PIC, $CIIC, etc
+ new IPO names rebounding- $SNOW, $ABNB, $DASH, $LMND
+ BTC going record high with metals weakness - $PYPL, $SQ, $RIOT, $MARA, etc.
+ vaccine news keep coming - $JNJ
+/- SP500 rebalancing brought FAANG price down with $TSLA inclusion - BTD
With above clues, I am looking for the names that will be on this week's rotation....