Small and micro-cap stocks, via the IWM IWC respective ETF’s, are leading us lower this morning. Although AAPL is green, the Nasdaq is also a notable laggard as capital seems to be leaving the momentum parts of the market.
YHOO Is grinding higher into the BABA IPO, while AVNR is the healthcare/biotech slingshot of the day.
I have a few shorts on which are grinding lower, inside 12631, with AMZN being the notable breakdown candidate of the group.
If the morning dip-buyers fail to hold a move I will consider pressing.
What are you checking out this morning?
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nflx bbands very pinched, considering a straddle purchase, november
Good play, Will.