HISTORIC SELL-OFF FOR MOMENTUM IN JULY
Goldman Sachs High-Beta Momentum Index down -24% month-to-date through first half of July, the worst performance since Apr 2009.
Morgan Stanley Tech Momentum Index 17-day rate of change down -35%, worst ever recorded thru 27-year history.
@StocksOnSpaces Any concern that we did not get a Zweig thrust on NYSE data, typically get those coming out of a correction and got them in the ones prior but didn’t in the corrections pre 2018 and 2022 cyclical bear markets
$GEO from out 52-week high scan 📡
EPS flip on earnings, massive power gap, and tight consolidation now breaking to new highs on strong volume...
What’s not to like here?