The market came into many a bedroom this week holding a hammer. Question is, what is the market doing with that hammer, and who would be on the receiving end of it potentially in the coming weeks?
We still have quite a bit of technical damage in many prominent charts, including small and micro-caps, not to mention leaders like AMZN GOOG NFLX P PCLN YELP.
Nonetheless, biotechnology stocks and the likes of AAPL FB are proving tough to beat for eager bears without stop-loss discipline.
Be sure to catch my work over the weekend for more analysis, as we take these market issues in-depth in an objective manner, along with actionable trading ideas.
Have a great weekend!
Like the NYPD found out, sometimes the hammer turns out to be a hatchet… Will be very interesting watching next week unfold.
Have a good weekend, Chess. Really looking forward to the new WSS!!!
You too, Unc!
BBC’s Traders by the Minute. This is up your alley.
http://www.youtube.com/watch?v=07XwNQrFd50
Excellent, thank you.