As the dip buyers get punished once again, it’s a reminder why it’s good to play tight in this sort of environment. That said, there are names out there, such as TWTR, that have been beat up enough, that are trading in positive territory. Even the biotech ETFs are starting to erase morning losses.
We still have a long day in front of us, but the action in individual names could be worse. I’m still light myself, with positions only in a few names.
The Yen clearly broke out of its price pattern and has the freedom to run if it so chooses. Couple that with the weekend now upon us, and panic could very well be in the air today.
Yesterday, I said I wanted 1900 to hold, let’s see if the bulls defend that level again.
If you enjoy the content at iBankCoin, please follow us on Twitter
energy sector is in base building mode
money moving from financials to energy??!!
and check out JO (coffee)…another base building pattern
Indeed. Financials are fugly today.