There were lots of hammers made yesterday so you know I’m looking long.
Currently holding:
Long – IMCL, NTAP, OVTI, SLAB, VIP
Short – None
Here’s the list for Wednesday:
Longs
biib
bj
bks
cern
eeft
hrs
intl
ipxl
mlnm
nktr
otex
pcln
pxlw
tek
veco
wwca
wynn
Shorts
None
Weak bounce today. Typically a concern. Probably a continued sign of buyer’s exhaustion. Still, market in general feels too oversold to short aggressively? Also, while a catalyst for going higher is hard to imagine, a catalyst for sending the market hurtling downward is also hard to fathom right now.