Zeev's Turnips Patch-No Politics (ZEEV)

[jdaasoc]

However, market breath as measured by McClellan summation at 74 and falling like a rock. It is just about where we were 1 year ago almost exactly. I wouldn't be surprised if Naz has prolonged weak spell of 6-8 weeks where we actually get oversold for once in 8-9 months.

It is so easy for shorts to wack away at SNDK. When 1 M shares traded in each of the first 15 minutes this morning someone was selling actively.

AMGN is my CANARY. It is dying to cross 50 MA @ about $60.8x tomorrow and lead the NDX higher. I don't think it will make it.