/tf -.18 to 971.3 at 8am
TSLA, MYGN, AIG, NXST, green.
macro: JJG -- grains, sugar - continue to distribute down since the top LAST AUGUST. Fighting this trend has been futile. Sugar prices have been trending down for over a year.
TSLA 81... dang.
DB -1.2% europe weak
FXI -- looks like TL break for China possibly.
AMBA -- must be news... strong.
Israel - joins the rate cut game. Nobody in the world wants a strong currency. Let the games go on. and on. and on.
high short momo is strong - fslr, tsla, nxst, wmbd.
steel, coal, oil names look weaker.
looking for 968 -- first support area.
wide swings today = lots of indecision
AD -933 bears 'should' be in control.
but TSLA, FSLR -- controlling the shorts.
NFLX, PCRX, PCYC, SNTS, BMRN, BIIB, GILD, UTHR, CELG -- bios on fire.
Wedge Pattern intraday: could either buy responsively on 3rd touch or wait for confirmation of b/o and enter there.
|/tf Indecision then b/o leads to run to top of channel|
This pattern is common in /tf -- decision wedge in the morning.