Biotech Bounce Bulls Bashed

Yesterday's late bounce and this morning's opening follow-thrugh were heralded by many talking-heads this morning as the end of the sell-off and a great buying opportunity. Well, on the bright side, those stocks are now at least 3% cheaper having plunged from the opening highs - even as the broader indices hold in. The Momos, also considered to have seen the worst, are re-collapsing...

The Nasdaq and Russell are now red YTD once again

This is the 8th day in a row of early strength collapsing into weakness...

and the momos are giving all the early gains back...

so much for that "rotation"

Comments

[kliguy38]

stick a fork in this sector ........elvis has left the building

[rubearish10]

Finaly, let's throw out the "old" BTFD/BTFATH and start using STFR (Sell The Fucking Rip)!  

[Spungo]

Buy the crash!

[schooltruth]

It takes tiny volume to move this market.  I legged into short QQQ this am on the pop for a day trade, but I'm pulling my hair out watching every dip get bought aggressively. 

[rubearish10]

Come on bro, why not try the NQ futures. Now, that's a challenge!

[derek_vineyard]

sell your stocks today and buy silver and you will have timed the market perfectly

too bad zh didn't hype this strategy  :(

zh = good for news, bad for market timing/psychology

[El Hosel]

Rotate this Bitchez

[replaceme]

Good bye, poor bio holdings; I'll truly miss you.

[Freddie]

I get so sick of this stock market bashing here!  The United States of Amerika has the most transparent stock market in the world!  (sarc)