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!