This Week's Stock Ideas

Monday, April 8, 2024

Good morning everyone, and congrats to everyone who caught last week’s big money trades!

Last week, we discussed how the internals were not in sync despite the markets moving higher. We saw a huge selloff Thursday on significant volume that caught many off guard. Not us though… because we spotted the divergence. Interestingly enough, the selloff was hard but stopped right at support and then pushed back up on Friday. Is the selling done? Was this just a bear trap? Potentially. This week will provide much necessary feedback to help determine the next move. For right now, we remain bullish but cautious.

Check out this week’s trade ideas.

Last week’s sector performance