Friday, August 2, 2013

Aug 2.

/nq spikes to  .44%  gain  despite negative  ad.

now a 5 min reversal red candle - marks easy R:R. on the divergence. 

shorted  the spike after 5 min reversal...

1) rangebound day
2) ad  negative
3) IBD list half red - many momo taking a breather.

leaders are now hugely momo names -- YELP, LNKD, YY, MELI, WWWW, NGVC, SCTY

not healthy.

closed at highs  /nq

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