Against the backdrop of energy and emerging markets reversing lower today after prior sharp rallies, the marquee issues in the Nasdaq continue to come under pressure or are lagging the rally in general, namely: AMZN FB GOOG NFLX PCLN TSLA.
I am nearly full cash here, as the Dow up 140 points again and the S&P coiling up still above its 50-day are enough to keep me from playing with any kind of size on the short side.
However, the pickens are slim on the long side as far actionable, quality setups, beyond a few like M STAA.
The updated Q’s daily is still having issues at $88.
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If I was a fund manager I wouldn’t wanna be seen holding these after the correction. I think hedgies will start building positions 2morrow.
Awesome picture, per usual.
new volume record for $corn?
Beautiful retest of that descending channel top and thrust up off of it …