Wednesday, May 19, 2021

A massive gap down open this morning which was met with a large amount of buying that lifted stocks from their lows. However, many stocks closed below their close from yesterday while others closed in positive territory with good gains like Upstart Holdings (UPST) which gained $13 and Enphase Energy (ENPH) which closed $8 higher.

Letís hope todayís buying put a floor in the market though more time is needed for the charts to develop bases and patterns for better buy points.

Letís start tonightís charts with a few leading indexes.

TBA = Technical Buy Area

Now letís review some stocks.

I look forward to seeing you back here on Sunday night for an update on our stocks.

Daniel J. Zanger