The Dow makes a new high and the $SPX is right there, but the Nazzy $QQQ and Russell $IWM continue to look quite drekish.
There is still massive confusion out there. Although $AAPL is the value leader here, it seems $GOOG cant quite get out of its own way yet, and stocks like $LNKD and $YELP continue to get a meat cleaver to the face. Through this, $NFLX has put in a beautiful 40 point bounce off its lows in record time.
$TWTR is decomposing and continues to give me login issues. Now they want my password to contain an upper case letter, a number, a haiku, a gang sign, a hieroglyph and the blood of a virgin.
A messy market to stay the least and I’m back to trusting nothing again.
If you look at the QQQ and IWM below we see a head and “almost right shoulder” pattern in play. It will be so interesting to see how this resolves next week.
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