Sellers are out in front this week after extending their overnight progress lower. We have already exceeded my weakest hypothesis for the session and show no signs of responsive buying. The Monday gap being a fade data is being overrun as are early dip buyers.
Breadth is low, all sectors are in the red, and so far the tech darlings are not holding their morning bid. The earnings gap down in Priceline is being sold.
Is speed coming back into the market? Or is this just an attempt to force your hand? I booked a few losses to raise some cash.
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Hello Raul
Are you re-thinking your BIS position here yet? I know you’ve been pounding the table that it is your #1 pick for best returns in a falling market. But today it is not cratering along with the markets as you had expected it to do. In fact it is showing a lot of strength compared to market.
You better believe he rethunked it….LOL
Can’t say he wasn’t warned by a few here. You don’t short a red hot sector. If he wanted to short something he should have shorted the overextended SPX for a swing.
http://schrts.co/Y6eZhE
Biotech continues to kick arse 🙂
Take a gander at LABU today…now THAT’S what iIm talkin’ about! (extra Willis)
LABU for the win!!!
Nice call last week to buy labu.no denying the strength today wow.what is your upside target
IBB was super resilient this morning while the rest of the market was on sale. Def rethinking BIS, but slowly.