• Thu. Aug 11th, 2022

Building… – Momentum Trading with RaginCajun

ByRaginCajun

Jul 22, 2022
Building… – Momentum Trading with RaginCajun


Things continue to build in a positive direction for stocks, at least in the short term. China once again had a strong move, with your father, $BABA, having another nice day. The S&P500 continues to flag out right underneath the 50 day EMA, a break above should set us up for at least a short term push higher.

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RIG bros got a nice move yesterday and now is testing $5, things get a little thin there if we can push back over recent highs, 5.50s. Also, from yesterday’s scan, $LABU finally made the move off the lows and is following through nicely this morning. In today’s scan, I see my favorite ticker, $RBLX, hitting the tape. Even up 8% this morning, I still like it as a swing trade:

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