{+++} I had some video issues tonight, but hopefully I will have it up before the market open in the morning.
It was a mixed week last week as the market tried to maintain its footing. For the most part, the indexes behaved, with the exception of the Russell 2000, which not only broke its uptrend line, but also its 20 day moving average. The good news though is that it found support at its 50 day moving average. It will be important for that to hold for us this week.
I have a new name for the P&L
Buy AKRX at the 35 level.
Earnings will be coming fast and furious, so it should be an active week. Please check earnings on the stocks you are long.
See you in the morning.