Stock Market Momentum Continues, Beat Goes On [TheStreet.com]
Dicerna Pharmaceuticals, Inc. (DRNA)
Last dicerna pharmaceuticals, inc. earnings: 2/27 04:05 pm
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Source: TheStreet.com
Stock Market Momentum Continues, Beat Goes On There was a brief try by the bears to slow down the powerful market momentum but it didn't last long. The buyers jumped in and pushed the S&P 500 to another all time high. Breadth isn't quite as strong as small caps have been lagging but it is close to even. The FANG names are very strong on the back of the good response to Netflix ( NFLX ) . There are some minor signs of profit taking and the buying isn't quite as frothy but the fear of missing out is still the dominant force. My main concern isn't that the indices are extended but that there are many good setups that could be impacted if the indices turn. I don't want to spend too much time focusing on market timing as it is much more profitable to focus on stock picking. The traders are still working very well if you catch them right. My Stock of the Week, HTG Molecular Diagnostics ( HTGM ) is still running and is now up 30% since the closed on Friday. A new Sharkf
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