Yesterdays support is todays resistance. Look how RAX bounced up off the 20MA, and now it is bouncing down. Think we see that again. Good for PUTS at about the $63 level. Cloud stuff is slowly losing the high flying excitement like before. See CRM. If CRM posts crappy numbers (And they are ALWAYS crappy) RAX should move down faster.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.