Tuesday, August 4, 2015

Momentum Is To the Downside

The high beta trades are gathering momentum to the downside

The (Nasdaq) Skynet illusion:
Nasdaq with % of stocks above 200 day moving average


World's largest stock:


World's largest (failed) IPO


Second largest failed IPO


Biotech Repricing:


Revenueless Biotech Re-pricing:


Casino and 'Conomy gaining downside momentum.