We got some conflicting data from China that sent the futures lower and thus the markets. Not much as far as bounces but there were some nice movers such as NFLX and FOSL. Trader are waiting till the fed at 2pm est. My watch stocks are NFLX, GDOT, PWER, CAGC. The opening trades were NFLX off the 2min and FOSL due to their earnings. NFLX actually set up on the 2min and had news. It then went through a massive run.
What disturbs me about this market is tech. Semis have been lagging and with analyst's channel checks indicating a slowdown for the Dow to stay up is a contradiction. Either semis and techs bounce or the market is setting up for a major down leg.
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