Megacaps Take A Break, Time For Rotation? Uber, Booz Allen, TopBuild In Focus
Small caps continue to power higher despite megacap weakness.
Stock Market Today With IBD · Investor's Business Daily
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Show Notes
The Nasdaq finished off its lows as 14,000 remains a level to watch as well as the 21-day line. But small caps were unfazed by the Nasdaq’s woes. A number of stocks still had good days including Uber which is getting added to the S&P 500. But don’t go chasing extended stocks in an extended market. Booz Allen Hamilton broke out of a fresh cup-with-handle and defense and intelligence are areas of interest right now. Finally, construction and real estate continued to show power with TopBuild extending its gains above a breakout around 300.
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