Very Firm Action

It was more incremental new highs for the Russell 2000 today and the Nasdaq put in yet another closing high for the year.  The Dow and S&P were essentially flat. After a brief respite on Tuesday, the biotech sector (IBB) looks better again and really does look like it wants to tag the top if […]

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Tough Market Here

This market doesn’t have a clue what it wants to do right now.  When breakouts fail (KITE, ZIOP) it tells you that the market is tentative. Yesterday I put KITE on the P&L at 62.75. Today it traded pennies from 68. If you are one of  my traders, you took the profit.  I am a […]

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