Overall, social stocks like FB YELP still rule, as bears have been unable to make even a small dent in them. While ANGI LNKD and a minor TWTR fade today may get bears excited, until Facebook cracks it is hard to see how they can cheer too much.
I am flat on the social stocks, though, unless you count my Google short which has not yet triggered a breakdown nor has stopped me out (over $1,200 would do that).
I have a few longs on as well, like SKUL.
This afternoon, I am simply looking to see how we close. The tape has that 2013 feel of another V-shape to fresh, all-time highs on the indices. However, it will always have that feel even if this is just a snapback rally before we roll over, due to the one-way tape we saw condition traders last year.
Keep an eye on the baby transport plays: ARII GBX TRN as long ideas into the bell.