The market seems to be in a holding pattern of some sort and everyone is waiting for something to happen. Although the DJIA and the SP500 continue to make new all time high last week, but trading activities seem to be very subdued. The market has been up for the last three weeks and it is quite extended, therefore one should be cautious and be prepared for possible sudden pullback (note: the video I stated a 1 to 2 days, it should be 1 to 2 weeks of possible pullback).
In this video, we will take a look at the market and these momo stocks: AAPL NFLX AMZN GOOGL FB TWTR TSLA LNKD.
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Disclosure: Long AAPL, Long NFLX Put options.
