$SNDK Looks like it will close on a new high with a 1 day ROC>13%. That has happened 11 times prior in the last year. Most made good gains 5 days latter. A trailing stop might be the ticket. The Feb trade gaped up 4% the next day into DOJI and oversold RSI.
$INTC appears to have formed a bull flag. A breakout above this could be explosive. Hey GROK, How do you calculate the price target on a bull flag formation? I get 182. (confirm this).
For all those who say Tort reform is a minor issue. Look again. Florida is looking better and better.
USAA CEO on returning nearly $1B to Florida members: This is really about tort reform in the state https://t.co/G5GSLfxImd
GROK: Can a spike in the Short-Term Trading Arms Index (TRIN) indicate capitulation?
In summary, yes—high TRIN spikes are a classic sign of intense selling that can flag capitulation and oversold opportunities, though they work best as part of a broader analysis.
If you are a sub or former sub of my Monday 5 stock picks please check your Spam folder. I've had issues with Gmail that I think are finally fixed. I love their filtering for incoming mail but heaven help you if you have to fight them on the outbound.
$VIX According to my data (Norgate), $VIX has had a one day ROC >35% 27 times since 1/1/05. SPY was up 5 days later 67% of the time at up 10 days later 74% of the time (Feb 2020 was COVID).
$USAR has dropped 30% in 3 days following the profit stop sell on 6/3. This beast needs to be respected. Adding a stop loss at the MDD level (7.75%) would be wise for additional protection. As you can see it's been a roller coaster to hold.
$NYMO - Other than the recent unstoppable rally, this has been a reliable indicator. Maybe it will start working again now. It doesn't update until after the market close.