Ugly Picks
Dear Diary,
Today was a pretty bullish day - the market has rebounded nicely from the deep sell off on Friday. The Nasdaq looks to have held its 50dma and its up trend line. I am optimistic about new highs in the future. However, a break of 2241 would be bearish. The QQQQ is also holding onto its up trend line since October, while feeling resistance at the 50dma.
The volume today was nice, I would like to see it break over the 50dma strongly. That would be evidence for higher highs.
NDAQ and GROW, both on the top 10 list for alpha, rose strongly.
I used to love CMG burritos until I realized that they have all the fat and calories of a big mac.
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