Well, most of my setups for the week will not trigger thanks to another gay day of selling. There are no bids in this market and I feel fortunate to be in cash (although I wish I was short).
Biotech continues to be the hottest sector with many names in the group breaking out here. Gold and silver are catching some wind here, but oil and the rest of the commodities still look sick. I want no part of the market until oil turns around.
Here are today’s industry leaders via The PPT, Ag is also in play here:
And, here are today’s hybrid movers, click here for charts.