Stock Market Today: Autoshow Day

June 23, 2021, 8:09 pm EDT

Autoshow Day

Today is a quiet day with low movement and volume. But, we can consider today is an Autoshow day because car makers turned on their engine. 

Led by electric giant TSLA +5% and traditionally makers F +3%, GM +1.5%, there are many followers: WKHS +9%, NIU +7% NKLA +4% and  FSR +9%. Obviously, there is some accumulation in the auto industry today. 

Nasdaq made a new high but no volume involved. Thus, it is still suspicious whether this is a real uptrend at this moment. But, let’s keep following it up in the next few days to see if there is any confirmation from the volume and breadth readings. 

Share This Post
Have your say!

Leave a Reply