Well bios flew and the market which was down on the open, went straight up by the end of the day. Google went green! There were a ton of plays mainly in bios as I said on the open but also bounce plays. All in all a progressive day even though market is becoming more and more overbought. Vix is where it was back at the end of 1993 right before the 94 market slide. But anymore it seems no one cares.
Today we have some interesting plays. Ebay back in vogue so a trade there somewhere. DXPE might be one. Big earnings pop so if it holds it might go more. Also float is thin. On the downside look for housing and retailers. Mainly discounters due to the Yuan revaluation. Logic is goods are not as cheap as they were yesterday. Housing down due to interest rates might rise.
So it looks like a trade the earnings play day. Also, keep a watch on the incident in London. So far there doesn't seem to be a big market reaction but still something to watch.
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