JCP is giving up its earnings pop this morning, and names like JD are reversing lower, too from potential breakouts.
Silver is placing too much pressure on the precious metals and miners, as the whole group slips lower.
GOOG NFLX are performing the best of marquee stocks, while AMZN FB PCLN TSLA struggle and lag the indices.
I see a sluggish, OPEX tape out there, overall, with quite selective pockets of momentum.
Our NBG long idea is still in play, though, as you can see the Greek bank basing well on its declining 20-day moving average this morning. Remember that this is a counter-trend trade, so keep a tight leash on it. Perhaps the European snapback rally has a bit more juice left in the tank.
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Chess
So your thought on SPY level seems to be correct. Are we going to test 191?