Hello Everyone,
Quick Notes: The general market indexes pushed further to the upside today (SPX, Nasdaq, and Russell 2000), however the market is quite stretched here with the SPX now up 7 days in a row. Also, I noticed that many Demark 13 moves on many intra day time frames.
That said, on the earnings front we saw big misses with SNAP and INTC, and as a result quite a few other big names are strongly down after hrs in concert such as FB and GOOGL.
Also, of some concern is the under performance of the high yield corporate bonds.
Crypto currencies and related stocks pulled back today
I didn't add any new trade ideas this evening, keeping it simple.
have a great night,
Matt
