Fads come and go.
Below is a list of some of the more popular/trendy/fad/meme stocks and favored gambling vehicles of the last couple years alongside their respective 52-week highs and current prices.
It’s important to understand what’s happening beneath the surface. A breakdown of internals can be an early indicator of a downtrend.
In fact, this morning I came across a stat that over one-third of NASDAQ stocks are down over 50% from their peaks!
You might not know it from looking at the headline indices but things continue to rot under the surface. Continue reading “Fads Come and Go”