22Sep3:44 pmEST
Sticking with Green
We wound up getting a modest intraday sell-off earlier, after all. However, bulls are recovering nicely into the bell as equities are attempting to close strongly.
While seeing FB lag AMZN GOOGL is a bit concerning, and NFLX is suspect at best as one of our Members noted, it is tough to become too bearish on the tape as a whole.
Having said that, regarding commodities I stepped out of some natural gas and sugar longs today due to their downside reversals. I suspect several commodities may need a bit of a reset before potential legs higher into Halloween. And gold miners have a bit more to prove, too, that they are back in gear for a new uptrend.
Overall, as long as bulls do not fumble the initiative I am on the lookout for the best-acting stocks and sectors. Of course it can be frustrating to see some names lag today which were promising yesterday, like TEAM. But that seems to be the M.O. of this market--To frustrate you out of the bull case only to keep going higher yet.
More in my recaps after the bell.
Sweet Nektar of the Biotech ... Stock Market Recap 09/22/16 ...