How’s that Russell 2000 looking, down over 1.5% heading into the weekend? That’s got to make you second guess riding longs into the weekend, right?
Despite the horrendous action in the RUT today, it’s by far the strongest index here. Take any index and check prices against their last swing low, back on 1/16/15.
The risk indices (NASDAQ/RUSSELL) are well off said lows. Perhaps today’s Russell weakness signals some catching up to do, but the action in tech darlings make me think this is still the best table to play at.
I’ve put together a watchlist that we’ll discuss in After Hours with Option Addict tonight.