Updated Technical Chart


The market made a strong move up today, particularly in growth stocks. UPST rose 15%, NET 8%, SNOW 6%, NVDA 5%, and GLBE 5% (rounded numbers). 

UPST is up over 100% this year, as are NVDA, CELH, GLBE, and NFLX. 

Several other growth stocks are up nearly 100%, including COIN, SE, ASML, and NU.

Why are these stocks up so much? Here are some possible explanations.

    1. Declines in COVID infections and the reopening of economies

    2. Many stocks, including growth stocks, were near historically low valuations, and funds bought               the dips

    3. Many companies are reporting better-than-expected earnings.

    4. Declining inflation

    5. A possible pause in rising interest rates

Most recently, regional bank ETF's are turning up for the first time in a long-time. Stronger regional banks may lead to greater investor confidence.

SPY did not make a strong move above resistance, so the transition to a 3 wave is tentative. SPY could end up bouncing down off support.


This website is created and authored by Marlin Sandlin and is published and provided for informational and entertainment purposes only and merely cites my own personal opinions.  I am not a financial advisor, and this website is not intended to constitute investment advice or provide specific advice or recommendations for any individual or on any specific security or investment product.  Any action you take upon the information you find on this website is strictly at your own risk.  This website may share links to articles and information which is interesting to me, but it is in no way an endorsement by me or by anyone associated with me.  The views reflected in the commentary are subject to change at any time without notice.   I may or may not hold investments in the companies or securities discussed on this website.

Marlin Sandlin owns shares of Crowdstrike (CRWD), Alphabet Inc. (GOOGLE), Waste Management, Inc., Chubb Limited (CB), Advanced Micron Devices, Inc. (AMD), Mastercard Incorporated (MA), Snowflake Inc. (SNOW), Celsius Holdings, Inc. (CELH), Upstart Holdings, Inc. (UPST), Apple Inc. (AAPL), Mastercard Incorporated (MA), and Waste Management, Inc. (WM), and Crowdstrike (CRWD), Cloudflare, Inc. (NET), Global-E Online, Ltd. (GLBE), Sea Ltd. (SE), ASML NV (ASML), and NVDIA Corporation (NVDA).


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