Momentum winners like FB FU TSLA are soundly in the green, into the closing bell, despite the slippery action on the major averages today. This could easily be end of quarter mark-ups, or simply momentum persisting.
Either way, to update some charts from this morning, the small caps in the Russell went from the top to the bottom trendline since my last post, as it appears the small caps followed the S&P lower, not the other way around.
Gold miners are still teasing a false breakdown, second chart below.
And JCP is still stinking up the joint, as many other retail stocks are under pressure.
Stay tuned for my video market recap after the bell, where I will flesh all of these ideas out and much more.
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What you think about FU?
Possible shooting star reversal candlestick on Wednesday. I would not trade it long or short for more than a daytrade at this juncture.