Find the Generals on This Battlefield

Frequent comparisons from the current market structure to 1998 or 2011 have become more prevalent of late, in terms of market players looking to predict limited downside from here and another leg higher in the coming weeks. However, the more people are keying off those analogs, the less likely it is we will see either scenario actually play out as the market is rarely so straightforward. 

Biotechnology, healthcare, and many leading issues in the Nasdaq are getting hit further this morning. Inside Market Chess Subscription Services, I covered part of my FB short and am looking at "hold-out" leaders which my be ripe to succumb to broad market pressures. 

Beyond that, despite how many claims there are of bearish sentiment, I detect a whiff of "much ado about nothing" sentiment in some circles. In reality, deciphering sentiment is inherently anecdotal, regardless of your methodology or survey, which is why we focus Members on the actual price action in the market and some useful indictors to layer into our analysis. 

As we have been preaching for months, and many traders are now finding out the hard way, just because a stock is "holding up well," it does not render is a buy in a corrective and, indeed, deteriorating market. 

I am looking to see if leaders continue to get hit. While that is playing out, we have a few actionable inter-market ideas on the radar.