Bulls Are Strong & 5 Things I'm Watching Today 2/15/24

FindLeadingStocks.com AM Report- Bulls Are Strong & 5 Things I'm Watching Today 2/15/24

Good Morning Team,

1. Market Update: The market remains very strong. It had every chance in the world to keep falling and instead the bulls showed up and quelled the bearish pressure (for now). Zooming out, the Nasdaq 100 is in the upper half of its weekly range and can easily end higher for the week. If it does, that will be very impressive and lead me to shift back to offense. The leaders continue acting well and that is a very bullish sign. Look at SMCI, NVDA, META, MDB, PLTR, ARM, AMZN, and DDOG, just to name a few that continue to act very well. Elsewhere, NFLX, HEI, CRSP, broke out yesterday which was a very encouraging sign.
   
   Charts & Data Courtesy MarketSurge. Click Here To Join MarketSurge.
   
   
2. Late Feb Weakness Is Normal:  Ryan D from Carson brought this to my attention. Here's what the average February looks like for the S&P 500 since 1950. Late month weakness is perfectly normal.
   
   
3. CSCO in 2000 vs NVDA 2024: Full disclosure I'm long NVDA but I know that this mighty run will not last forever. Hat tip Michael Arouet
   
   
   
4. There Are Always A Lot of Reasons For Us To Fall:
   
5. Early Movers:
   UP: NNOX, SSSS, FROG, COIN, PTEN, ATUS, STLA, ARM, MARA,
   DOWN: NUS, FSLY, ADPT, HLF, PBAX, NRDS, PRME, WST, UDMY, CSCO, MTW, DE,

Have a great day!

Adam