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Sunday, November 24, 2024

Brutal Day in the Momentum Stocks

Submitted by Mark Hanna

Courtesy of MarketMontage. View original post here.

You can’t see it from the indexes but a very damaging day in the momentum type of stocks, most of which had held up reasonably through late last week.  Not so much today.  Everything from biotech to solar to Elon Musk to 3D printing is being hit very hard.

 

Disclosure Notice

Any securities mentioned on this page are not held by the author in his personal portfolio. Securities mentioned may or may not be held by the author in the mutual fund he manages, the Paladin Long Short Fund (PALFX). For a list of the aforementioned fund’s holdings at the end of the prior quarter, visit the Paladin Funds website at http://www.paladinfunds.com/holdings/blog

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