How to Play This Mixed Market Action It is easy to be on the wrong side of the trade.
Stocks are off to a mixed start Monday morning, with breadth running just slightly positive. We have a reversal of some of the recent rotational action, with the Nasdaq outperforming and small-caps (IWM) lagging.
The pockets of momentum are limited with cannabis names, bitcoin-related stocks, and a few other odds and ends attracting interest. The list of 10% movers is about average, but there isn t too much trading near intraday highs.
It is a market for stock-pickers, but it s a narrow one. If you aren t selective, it is easy to be on the wrong side of the trade.