19May2:48 pmEST
Balancing Out the Highs
A few leaders like AMZN are coming in a bit this afternoon. But, on the whole, the market is doing its usual job of hanging in there, with small caps the Russell 2000 Index well off the lows of the session.
Netflix may very well be a big tell here, seen on the daily chart, below. Note today's small "doji" candlestick outside its upper Bollinger Band, after a steep rally, likely indicating a rest is near.
Still, other names like MNKD have been permitted to rally back several days from beaten-down contains, and we may see more of that into the holiday weekend.