This is normally a stagnant day of the week for the market, but the Dow, Nasdaq and S&P have just turned green for the first time today. BIDU is still on fire, up 3.5% to 81 (82.29 high). AAPL is at 264.89 (+1.1%) and NFLX is up 10.15% to 118.65.
Even BBI is up 10.5% to 47¢ in anticipation of an earnings report after today's close.
All those inverse ETFs and ETNs aren't doing so hot. VXX is down 0.8% to 23.89. I'm glad I stayed out of those today.
I might have tried BIDU at the open (80.97) or in premarket, but sleep debt caught up to me and I got up 30 minutes after the opening bell. It's nice and quiet in Honolulu. Dark and cool at 4 am.
BIDU Fibonacci retrace, two-day span:
38% retrace: 78.67
50% retrace: 77.56
62% retrace: 76.43
The momentum hasn't waned in BIDU, but when the bears take over, it'll be a slingshot.
The euro (FXE) is down 0.50% to 23.89 while the short euro ETF, EUO, is up 1.01% to 23.89. Who wins this battle? I am not going to guess, let alone dip my toes into these waters.
GLD slowing down at 121.18 (-0.18%) and SLV is at 19.21 (-0.90%).
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