I expected a higher number in our recent poll, but it is worth noting this is the first time in sometime that the poll has sided with the bears.
This morning we blew through the lower end of the range we talked about yesterday, as well as the 200 day moving average. Panic started to set in as guys where tossing positions, as well as themselves, out of the window.
For the day, the only move I’ve made is taking profits on the rest of my position in $NK, my target of $27 was hit.
I still have a close eye on this $ZYNE, hat tip to @jpmorgains for that one.
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market is completely under control ..
expect a full blown reverse heading into late year season
Another 2% drop in the Naz and S&P is a buy signal. But now is good time as any to dollar cost into the market.
RC – I just checked…. sethster in in the lead for the Golden Ticket. There could actually be a real life homicide take place at the conference this year!! No big deal to the New Yorkers, I suppose…