21May12:42 pmEST
Rocked By Many Explosive Moves
Despite mixed and flattish indices this week, stocks are all over the place in terms of some making explosive moves higher, others lower. NFLX is a market leader and is grinding after its recent rally. It may very well be a good "tell" for the next direction of leaders and Nasdaq, while momentum traders flock to BABA into the holiday for a snapback rally.
Biotechs are cooling off a bit as BLUE reversing off its highs from the opening gap higher, seeing me lock in gains in my ESPR long.
In addition, I closed out my AAL short, an explosive move lower, in the transport space. I could easily see a bounce back in that sector from oversold conditions, but would look to short into it again in all likelihood.