Stocks that are bucking the trend, going higher in an awful tape, are:
GMCR +27%
HGSI +9.5%
FCEL +8%
SBUX +7.5%
IRM +6%
BIOD +5%
HRB +5%
DAL +5%
It’s worth noting, airlines are doing exceptionally well today, as oil declines, with gain in UAL, AMR, DAL and LCC
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34% cash going into today. What a messed up tape.
Copper broke down through the January lows this morning. So, it looks like the case for S&P 1200 might be gaining some probability.
Everything’s on hold today to see how the dust settles.
I wouldn’t be surprised if SMH shows some green at some point.
NSM,TXN,AMAT,XLNX are bouncing off gaps.
INTC will need to turn here for this to happen.