Despite a relatively flat day on the major averages, some standouts below the surface made for interesting movement. We continue to put in the work to identify for Members the very best charts even with plenty of macro events this week.
Bears have had ample time to make a dent in this market, and even have some notable victories like the disasters seen in GPRO FIT.
But that has not been enough, or anywhere close to sufficient, to bring down the indices, even as crude fell out of bed last week and could barely bounce today.
Hence, tech and biotech bulls are still feeling frisky, compelling us to focus on them for trades and watchlist ideas, with the INTC for MBLY deal perhaps igniting a fresh buying spree of viable takeover targets.
More after the bell in my recap.