January 7th Daily Market Comments

Pictures of the riots in the capital all over media, but that is not what affects investor sentiment. As illustrated, the bull trend remains in progress. The markets provide a good indication of which sectors should act the best going into the first quarter of the new year. The lithium battery sector is working extremely well. There are still good plays in the biotech area, vaccine related. Breakouts are revealing where investor sentiment is concentrating, NCTY bought three days ago at $6.80 is currently trading at $24.44. Does this mean every breakout pattern is going to work? Definitely not, but the candlestick charts indicate where the high probability/high profit trades are likely to occur. Stay predominately long in the strong sectors.