Tuesday Market Wrap

{+++} The market plowed higher again today, even though there was some weird trading action in some of the Nasdaq momentum stocks early in the day.  At around 10:30 stocks like YY, YELP, YOKU, VIPS and others dropped almost a quick 10%.

NFLX put in one of the weirdest trading days ever. It closed around 395 in the after market last night after a great earnings report, then started dropping like a stone in pre- market this morning and didn’t see an uptick. It put in one of the ugliest bearish engulfing candles that I have ever seen. Carl Icahn sold a chunk of his stock.. What a trade.


YOKU, BLOX and FOSL all triggered today. I raised stops on the P&L tonight so check it out if you are playing at home.

I’ll be back to full video tomorrow.  Still pretty sick, so I will return emails tomorrow. Have a great night.



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