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AFTERNOON CAPSULE: FEVER BREAKS ON SOME OF MOMOS’ FAVORITE STOCKS ON EXTREME POSITIVE SENTIMENT $FSLY $SQ $PTON
This post was published yesterday in The Arora Report paid feeds as Afternoon Capsule.
Fever Breaks
For the first time in a while, today the fever broke in some of the momo crowds’ favorite stocks on extreme positive sentiment. This is a common pattern that historically occurs when the risks in the market are high. Here are the elements of this pattern.
- A strong positive market day.
- Strong up moves in large-cap popular stocks.
- Small and mid-cap top favorites of the momo crowd take a hit.
- Examples today include FSLY, SQ and PTON.
July 14, 2020