Home Stocks Trading Advantage Stocks – Collectively Strange, But Clearly Targeted

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Talk about a WTF moment we saw yesterday. DJI finished UP 100+ pts at record highs. The COMP finished DOWN 87 pts or 1.2% for the day. SPX was about UNCH down just a fraction and less than a point. What happened collectively was strange but clearly targeted. COMP felt the weight of Tech just unloading risk and profit taking. It was broad and clearly collective. DJI rallied but the group of DJI stocks is eclectic. SPX tried to rally on financials and retail but hurt by tech. It was a wild one but the bulls are still running strong in the DJI. My colleague said yesterday was nothing more than a opportunity in the COMP. I agree to only a certain degree. I’m still looking for buys but only on reverse type plays. There’s was a little more to just risk off yesterday. It was collective, consistent and purely overwhelming for the buyers on the drop. That’s not usual in these markets conditions. Maybe it was just a one day shake out but I am still concerned nonetheless. A bounce is due and clearly the markets bounces back quickly. I’m just concerned it may struggle to do so this time around. Open Position: AMP NKE TRIP RL RH WMT DIS Stocks to Watch: TWTR CTXS NTAP JBL HLF WFC  JPM MS NFLX WDC DIS SBUX STZ NKE LULU CREE VZ T HOG MON YUM LOW HD LEN TOL FEYE PANW FFIV AKAM

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