|Monday, August 20, 2018|
A solid day for stocks with many lifting higher from $1 to as much as $6 each in what I consider a modest though positive day in the market. Letís begin tonightís charts with a look at a few leading indexes and then on to some popular momentum stocks.
My short-term trading oscillator closed at plus 15 which leaves room to move higher before reaching overbought conditions which begin at plus 35 or higher.
Marijuana stocks, most notably the two I highlighted here last night, made some of the largest percentage moves on very heavy volume today. Letís begin with these two stocks.
I look forward to seeing you in chat tomorrow and Wednesday and then back here Wednesday night.
Daniel J. Zanger