03May10:53 amEST

Rekindling Last Winter's Hunt

It is interesting to see some of the higher beta, even controversial, names with a story of explosive moves, notably from this winter, coiled up at the moment. Issues like AMC GME and OSTK (below on it daily timeframe) all fit the bit, especially as we see red in the likes of ARKK NFLX TSLA to lag a broadly green market. We hinted at this potential scenario with Members over the weekend, and so far I am looking to see if the likes of OSTK have legs to capture hot money even as some prominent tech names lag. 

Elsewhere, the other notable movement the morning is gold and silver. We have seen this story many times over, with the metals head-faking only to squat back down and grind. But I maintain with the crypto craze on top of how many speculators have been burned by metals since last summer, they are still more ripe than not to stage a true move here. 

Weekend Overview and Analysi... Stock Market Recap 05/03/21 ...

 
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