KERX burned a lot of bears bright and early this morning. 

the reason why should never short KERX and bio tech stocks

Quick Glance at the Market Heat Map and Industries

heat map

Notables:

  • Apple led the way for Tech.
  • Oil and Gas looked horrible ahead of key earnings reports this week. 
  • Financials sucked wind, and could be a key signal for weakness ahead.  

Be sure to check out my latest swing trades and overall past performance

SharePlanner Market Compass:

Stock-Market-Compass-Pullback

Perhaps today was just the first day of the selling that should continue. 

And of course…the RIDICULOUS!

Alan Grayson is nothing short of an absolute creep and I abhor the notion that somehow there was a moron majority in his district that found him fit to vote him back into office but I did find his questioning of the Federal Reserve’s general council quite interesting.

 

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