General market lab and commentary Message Board

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Strategies & Market Trends : General market lab and commentary

SPY 683.47

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4:00 PM EST

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To: Robohogs who wrote (169)	2/18/2016 3:52:38 AM
From: Robohogs	of 668

Posted to a bio board: Key note: I really, really would like to see IBB and XBI hold at least the 8 day on any pullback. I am thinking down to flat today, up tomorrow with 1-2 more up days early next week then bigger pullback. The pullback next week for broader market really needs to hold a .382 or .5 retrace at worst to signal change in tone. Problem is goung to be how overbought we might be. For SPX assuming we drift to 50 day only (I think higher), a .382 would be 55-60 points. That is 3-3.5%. Anyway VIX lining up to be a buy next week and oscillators will be overbought. How ed do after all this tells the tale. Jon

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