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AI related stocks are going ballistic this week with many of my selections
blasting higher. SanDisk (SNDK) shot up $75 today and is up over $349
from my recent TBA. GE Vernona (GEV) gapped up on earnings and is
now up over $220 from the buy area noted a few weeks ago, and Micron
(MU) gained $84. Many other stocks are also soaring as you'll see in
the parade of winners shown below.
Let’s start the charts tonight with a look at the NASDAQ-100 ETF (QQQ).
My short-term trading oscillator pulled back to close at +47 which is still an
overbought reading. No telling when the market will rest but conditions
remain overbought until we get a reading below +35.
Now let's get to a long list of stocks which show little sign of stopping, but
when we do finally pull back it will be good time to reduce some.
Finally let’s look at the 'Magnificent 7' stocks that are on the move up right
now and remember I’ll also list many other stocks in the chat room that are
good to consider.
I will see you all back here Sunday night for more charts, and tomorrow in
the chat room.
Daniel J. Zanger
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