By Jeffrey Cohen, Investment Advisor Representative
There is still a lack of forgiveness in the market today. Upstart Holdings, Inc. $UPST, was one of the CQNS UP run stocks a few weeks back. It had great BETA values and has recently flattened out. However, today, it is down 56.83%.
Yesterday we added railways, shipping, delivery, and logistics to our Trucking index for a broader footprint. We are to 20 companies. Today, 16 of the 20 are down, on an otherwise up day.
Chips and semiconductor stocks are 100% higher today.
As we flipped through our other industry sectors, and even our 'current efficient portfolio' that we updated yesterday, we see mixed results. That says to us that today is not 'in the bag' as an up day. There is not the supporting stock breadth.
Finviz says we have a high advancers / decliners ratio, but a low new high / new low ratio (see below).
Be careful out there. Do not invest more than you can afford to lose. GLTA