Monday Market Wrap

{+++} Most of the interesting action took place after the close. Today was a pretty tight range. NFLX popped 26 in after market aafter a good earnings report and decent guidance. AGN (biotech) popped 37 points as it looks like Bill Ackman and VRX want to make a bid in the morning.

I added BIB ( long biotech) this afternoon as a new long on the P&L, so it should do well in the morning. PFE is also making a bid for AZN (Astra Zeneca). AZN popped 8% today.  Mergers are starting to happen in pharma and biotech which is a healthy sign for the market and biotech.

I’m still getting over this pullback, but I’m more upset that Oprah has cancelled the Lindsay Lohan show. I’m finally getting back on my feet. Just to much to handle.

I think a new uptrend is brewing and stocks are basing very well.

The two names that I added last night didn’t do much today, but their charts look good. if they don’t trigger soon I will add something that will.

See you in the morning.

Check the P&L tab for any updates.



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