With futures pointing to a bounce, it will be interesting to see if bulls can finally pull off the snapback rally which many have been anticipating for weeks now.
Should the S&P 500 Index lose the midpoint of Wednesday’s range, though, below 1847 or so, I expect to see another round of panicky selling as dip-buyers find themselves trapped. If that does not happen, I assume we are in bounce-back mode for a few days before I will consider fresh short entries.
A few stocks which held up well during the correction: AGIO ALNY PANW PCRX ZOES.
Drop me your top tickers overnight.