Market Outlook 01/05/2021
Boy!! What a start to 2021!!
The trend of profit taking in all small/mid-cap high flyers and IPOs of 2020 is worth noting. Noting some of them here
FUBO 60%
ZM 38%
SNOW 30%
FSLY 35%
CHWY 20%
DASH 28%
PLTR 30%
DDOG 27%
Even a 30-40% drop is only modest in these high flyers given the 2-4x move in 2020.
/SI is digesting the breakout with support at 26.80s. Expecting …