Thursday Market Wrap

{+++} The mess continued in momo land today, but the selling seemed a bit more tepid. Maybe the sellers are drying out a bit.

Names like NFLX, WDAY and TSLA continued to be under pressure. I think NFLX could get a bounce soon. Way overdone.

The solar stocks finally caught a bounce. Many etf’s were still red, biotech was actually one of the  better performers on a relative basis.

We could be ready for an oversold bounce soon, right now the knife is still falling.

I added TWTR as a long to the P&L today (1/2 position). If it dips I will let you know when to add, if it trades higher we will average up to a full position.

See you in the morning. The ides of March were brutal.

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