Potential Buy able Gap UP Stocks $FB $UA $SPY $QQQ
Due to earning season Facebook and Under Armour had a buy able gap yesterday. What is favorable of both of these leading stocks was that this move was on high volume. However, there are questions as to the strength of the market currently. Yes, the stock market is moving to new highs, however there are divergences showing internal weakness, high number of distribution days as well as yesterday can be considered a stalling day.
More so, this is an old bull market any way you look at it. The big profits in the stock market are the first 18 months of a new bull market after a strong selloff of a bear market. Caution is advised in this market…Maybe it will repair itself…and on the positive side, the indexes such as the QQQ and SPY are holding above key moving averages…
Past performance is not indicative of future performance