The market is in takeaway mode, meaning it takes away the profits you had the day before. Up a hundred down a hundred is the new game until the geniuses in DC figure it out. This market is “No Country For Old Men”, but day traders are having a blast.
Boehner’s deal blew up, so now its up to Reid and McConnel. No matter how this turns out, we’ll be back in February again anyway.
$BAC beat on their number and the stock is higher.
Twitter ($TWYT) has decided to list o the NYSE.
Rating service Fitch put the U.S. on credit watch yesterday.
It was impressive that momentum names like $LNKD, & $TSLA stayed glued together yesterday.
Biotech got a little damaged in the sell off and some of those charts need a little work. $BIIB, $GILD and $CELG are my faves.
$NOAH had a beautiful high volume breakout yesterday, so watch that one for continuation in the coming weeks.
Have a good day and come by for a free trial.