The Nasdaq is leading the broader market lower with small caps and biotechs selling heavily. With the market confusion increasing daily there is no reason to try and launch new plays. We need to have at least a general idea of direction before putting money at risk.
The Nasdaq has fallen -152 points since Tuesday's high but the Dow closed at a record high. The S&P crashed back to initial support at 2,190, which should be a safety zone but only managed to close 1 point above that level. The Russell 2000 lost 8 points to close at a two-week low at 1,314 with support well below at 1,290. Friday's do not make good rebound days because of the weekend event risk. Be patient, the rally will resume soon.
NEW BULLISH Plays
No New Bullish Plays
NEW BEARISH Plays
No New Bearish Plays