Well, that certainly wasn’t a pleasant week. It didn’t have a huge down day, but it did have the steady drip-drip of relentless selling. In fact, every day on the Nasdaq had a lower close than open. Ugh.
On the other hand, it still feels like a normal course correction, and I’ve been buying into it almost every day, waiting for the – inevitable??—upturn.
With the Nasdaq selling off, I thought I’d look at some mo-mo stocks to see how they’re faring. The verdict: I think they’re primed to start rallying.
First up is Tesla (NASDAQ:TSLA). A brutal March, but good for potential buyers.
Facebook (NASDAQ:FB) isn’t in quite the same shape, but should be ripe for picking soon.
Back next week to see if the market can muster any kind of bounce.