I don’t generally like big market days like this. Nothing stands out. Everything is up a little.
While most pray for big market moves, I prefer my Dow 40 days. Slow markets make fast stocks more prominent. They get more attention and action as opposed to in big market moves like this.
Speaking of big moves like today, it feels like rotation is underway a little. Last week, my stocks were stuck in the mud, except for the China stock rippage early in the week. I wonder if this is where growth stocks slow and value stocks pick up the slack.
As the week wore on, my revenge trades imploded. Like Richter Scale imploded. Today, my next favorite stock ($TWLO) is getting Harambe’d. Not to mention my $TWTR starter woke up to an epic gap down.
Suffice it to say, rhythm has been officially thrown off. Assume all your favorite stocks are about to break your heart.