The S&P 500 is still trading within its trading range. The QQQQs are somewhat stronger than the SPY. IWM – iShares Russell 2000 Index the one to watch for small cap strength is not giving too many hints as far as risk appetite coming back into the markets is concerned. A few China related momentum stocks are looking great and are trading at all time highs. Some started breaking out today. LIWA – Lihua International a recent addition to my public list would be a good example.
Apart from a few select stocks I don’t see much I am interested in right now. The market is not showing its hand yet. I prefer to stay cautious instead of churning my account and mental capital. Here’s the chart of the S&P 500 Index. Looks like we could bounce a bit from these levels.
Up-to-date S&p 500 Chart on my public list.
LIWA – Linhua International a Chinese copper and aluminum play is an example for a China momentum stock breaking out today.
Up-to-date LIWA Linhua International Chart on my public list.
Have a great evening!
Related posts:
- Markets Remain Extremely Choppy – LIWA, GG, GWY.V
- YUII – Yuhe International + SPU SkyPeople Fruit Juice – Chinese Small Cap Stocks With Strong Bullish Charts
- YUII Yuhe International – Gap Down ‘Hole In the Wall Pattern’
- RGLD – Royal Gold Breaking Out Without Volume Surge
- CAEI – China Architectural Engineering
- MVG MAG Silver – Silver Mining Stocks Breaking Out
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