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Biotech / Medical : Arena Pharmaceuticals (ARNA)
ARNA 99.990.0%Mar 15 5:00 PM EST
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To: Justinfo who wrote (2189)2/13/2014 2:40:33 PM
From: The Ox  Read Replies (1) of 2274
 
FWIW, we hit my next target just now at 183.2 on the SPY

Once again, this doesn't imply that this move is over, only that the odds are higher that a change in trend could occur here.

One minor note, VXX has been flat (more or less) since 11am est....while the S+P has continued to rise. This divergence doesn't always imply much, as it may simply be that the near term futures players aren't being overly aggressive today. Intraday the VXX retested this morning's low, so a bounce trade might be worth a look, with a very tight stop placed if breaks under the low.....
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