PTON
Holding up nicely considering recent market pullback and potential competition.
Banks Faltering
Following a failed breakout earlier this month the BKX Index(KBW Bank Sector Index) remained in a tight range. Yesterday key support near the August low was taken out.
Biggest Outflows Since The “Dot-Com Bust”
Via SentimenTrader: QQQ fund flows: according to Bloomberg, we just saw the biggest outflows since the *dot-com bust* Similar days with large outflows almost always led to more losses for the NASDAQ over the next few weeks. Hat tip @sentimentrader
Ranking The Bulls
Another great chart from Ryan Detrick of LPL Research: "This bull market is officially 6 months old today (126 trading days) and it is no longer the best start to a new bull market ever. Previous best 2 starts at 6 months ('82 and '09) did see continued gains fwiw."
Speaking of Splunk
After a 22% decline from the September peak shares of Splunk Inc are resting in a very solid support zone.
Smalls Sinking
Small Cap stocks are off sharply as the new week begins.
QQQ
Testing support. Major support at 240
Gold
We mentioned a few weeks back that Gold looks more bearish than bullish and could continue to test levels of support below.
Buy The Close, Sell The Open
“One of the more remarkable stats you’ll ever see is the breakdown of long-term performance between after-hours and intraday trading. “