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.
