SNDK laggard to market, longside trade
The Dow has been leading the
Nasdaq so hard that the Nasdaq is a major laggard. This is mainly due to the
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and semiconductors. The Noodles completed their daily tightening on the mini
pups and is now trying to breakout a trend reversal. When this happens, we want
to look for the laggards in the market.Â
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SNDK |
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PowerRating) happens to be a nice
laggard. The same
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PowerRating) we played short from 64.35 to 58.90 is now giving
opportunity for a laggard trade.  SNDK daily is showing a low band coil and 5
period moving averages base above 59.79. This gives upside to the daily 15
which sits at 62.70. Trail stops on this one would sit under the 59 level.
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The Nqs formed daily mini pups to
tighten to the daily 15 period moving average at 1685. They are now grinding
past the daily 15s which leaves the daily 50 period moving average 1704. Any
stocks that are not at or through their daily 15 period moving averages are
laggards to the market and worth watching for longside trades (eg: SNDK).
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Jea Yu
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Jea Yu has been involved
with the equities markets for over 10-years. He specializes with intraday
trading in the U.S. equities and futures markets. To receive a free 7 day
trial to Jea Yu’s Underground Trading Pit,
click here or call 888.484.8220, ext. 1.
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