The happy little board game that the stock market has been for bulls in recent quarters appears to be turning stale, with bounces being sold and leaders taking the brunt of the pain.
Speaking of stale candy, the Candy Crush IPO today was a dud. While it is true that the FB GRPN IPO’s were stale a few years ago, too, the fact that the KING IPO was weak amid the speculative fervor of recent quarters is concerning.
If we see a gap down and reversal in the metals and miners tomorrow morning, I would consider a reversion long trade.
More after the bell on my video market recap.
See you there.
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I like the gap down/ reversal on metal and miners idea – “if” noted. Always a step ahead, chess.
Chess Moves
Indeed. Great market calls Chess. The denial of the bulls has been epic.
Thank you
lotsapussy again Chess.