Indexes Start The Week Strong, But Will It Last? Meta, Ollie’s, FTAI In Focus
Indexes rally but still have a lot of recovery work to do.
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Show Notes
Indexes started strong but started to look shaky shortly after the open. Still the recovery throughout the day didn’t necessarily breach intraday highs but closed on a better note. A number of stocks that were trading below their 50-day lines have now moved up above them including Meta Platforms and Ollie’s Bargain Outlet. Meanwhile, over in aerospace and defense, a strong relative strength line is leading FTAI Aviation into new highs.
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