15Jul10:58 amEST
Two for the Show
Although the reasons du jour for this morning's 1%+ rally on the major indices are Goldman's trading desk prowess and Moderna's vaccine progress, the reality is that the market's speculative fervor remains persistent and will not likely abate unless and until bear can string together weakness beyond a twenty-four hour window. While AMZN is red, the bulls argument for rotation remains very much in play, especially if the small caps in IWM can close above their collective 200-day moving average today (currently $145.98).
In the meantime, LCA ROKU, respectively below on their dailies, are intriguing long setups. ROKU has been a formerly popular growth names which woke up last week. And LCA is the online gambling arm of Golden Nugget casinos.
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