Stocks Snapped Back

New 52-Week Highs led New Lows — 98 vs. 9.

December 21, 2023

Happy Friday Jr.

Stocks snapped back. Every major index inched higher. The Russell 2000 rallied +1.73%. Consumer discretionary carried +1.52%.

New 52-Week Highs led New Lows — 98 vs. 9.

The Best of the Best

Triumph Group ($TGI) is the best of the best. The aerospace and defense company accelerated +32.93% as it announced the sale of its product support business to AAR.

$TGI closed at its highest price since August 2022. The stock is still down -80% from its 2013 all-time high.

Here’s the daily chart.

And monster monthly chart.

The Worst of the Worst

AMC Entertainment ($AMC) is the worst of the worst. The movie theater meme stock dropped -1.62% and closed at an all-time low.

Here’s the disastrous daily chart.

And memetic monthly chart.

If we encounter a man of rare intellect, we should ask him what books he reads.

Ralph Waldo Emerson

Here are a few recommended readings…

Extraordinary Popular Delusions and The Madness of Crowds (Amazon)

Zen in the Art of Archery (Amazon)

Trading in the Zone (Amazon)

Thinking in Bets (Amazon)

Enjoying Popularity + Price?

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