Not a horrible auction just yet. It may get worse, but here are the important parts thus far.
Breadth is neutral. Thus far we have an interesting intraday divergence between NQ/TF. TF exploring highs, NQ exploring lows.
Momentum stocks are weak.
$IBB is weak, but will offer a good buy opportunity today.
Crude up.
USD/JPY pegged. Still. This needs to resolve this range quickly.
Something needs to firm up here, be it biotech, energy, or momentum stocks. Buyers need something to engage here, or they’ll lighten up. Again.
More later,
OA
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OA is God