After a three-day pause in long term breadth it appears the bull market is ready to move these stocks up once again.
What to look for right now?
Buys on the open tomorrow (Friday) for a bullish surge into the weekend with the likelihood this continues for a time next week.
My “bellwethers” are TSLA, NFLX, AMZN, GOOGL, TWTR, BIDU, AAPL, FB, NVDA, BABA.
Notice most of the stocks have been in consolidations for the past week or so (see the chart panel below). Some are in clear bull flags – NVDA, TSLA — while others simply remain in strong up trends – AMZN, GOOGL, FB. Since stocks generally move with the market, and the mass psychology of the market is again bullish after a pause, I expect most of these to move up more now.
For gamblers looking for the quick bounce — NFLX!