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Megacaps Take A Break, Time For Rotation? UBER, BAH, BLD In Focus

Season 1 Episode 196 Published 2 years, 2 months ago
Description

The Nasdaq finished off its lows as 14,000 remains a level to watch as well as the 21-day line. But small caps were unfazed by the Nasdaq’s woes. A number of stocks still had good days including Uber which is getting added to the S&P 500. But don’t go chasing extended stocks in an extended market. Booz Allen Hamilton broke out of a fresh cup-with-handle and defense and intelligence are areas of interest right now. Finally, construction and real estate continued to show power with TopBuild extending its gains above a breakout around 300.

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