Wednesday, May 06, 2020

A strong day for the market with stocks making solid gains once again in a broad-based move. Stocks saw gains as high as $47 with my selection Shopify Inc. (SHOP). The froth in the market has picked up right where it left off before the Virus struck, so it appears that no one is worried that 30 million people are out of work and will be out for some time to come.

The reality of this might not hit us here until earnings come out in July.

Let's start off with two leading averages.

TBA = Technical Buy Area

My short-term trading oscillator closed today at +9 which is way down from the extreme readings we've seen recently.

Now on to some stocks that know how to move.

I hope to see you in my chat room on Thursday and Friday and back here Sunday night.

Daniel J. Zanger