Muted Major Indices

New Highs overshadowed New Lows — 57 vs. 7.

January 04, 2024

Happy Friday Jr.

Stocks continue to stall in 2024.

The major indices were muted. Healthcare and financials led. Energy lagged.

New Highs overshadowed New Lows — 57 vs. 7.

Ramaco Resources ($METC) is the best of the best. The coal mining company carried +10.25% and closed at an all-time high.

Here’s the daily chart.

And weekly chart.

Mobileye Global ($MBLY) is the worst of the worst. The autonomous driving software developer dropped -24.55% on weak preliminary earnings and underwhelming forward guidance.

Here’s the daily chart.

Library in the Earth

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)

or to participate.