Keeping up, up with the #Nifty50StockList — 3/12/21

Updated 3/12/21

Updated 3/11/21

My Nifty50StockList, which had 44 stocks on sells only five trading days ago has once again shown its value as an indicator in the stock market for suggesting “What’s next?”

Yesterday the NYSI turned up (almost did it Tuesday) giving a inarguable buy signal for general market on today’s open. See the “Don’t Argue With The NYSI” posts below.

So what was next?

Today 49 out the 50 listed stocks were up from yesterday’s close and 43 up on the buy signal from today’s open. Pretty much a Nifty50StockList blast across the board from the open led by NVAX up 33% (including the Biden and UK clinical vaccine trials news in the aftermarket), BEEM and TIGR both up 21%, and SUNW (the number-one stock on the list going into the day) up 12.5%.

In the list, 49 stocks are now on buys (that’s a lot), 11 are overbought (that’s not a lot) and zero are oversold. With only 11 overbought there room to keep going, to get more on the list overbought, probably tomorrow to end a bullish week.

But all on buys and none oversold once again begins to raise the never ending question in the stock market — What’s…