After the Nasdaq Comp' broke the big 4k level, the indexes are seeing some minor chop. No doubt, the sig' QE-pomo is helping negate what little sell side pressure there is this morning. Metals are weak, with Oil -0.9%.
sp'60min
Summary
Like many, I am looking for the top of sub'5 - of 3. Difficult to judge...and as I will keep saying, I don't think the short side is tradeable anyway.
--
More interesting right now than the indexes...
Notable weakness in FB, TWTR.
FB, daily'2
I really like the H/S outlook, which would target a rather obvious $35..possibly 32.
--
As for TWTR, still early days, but if it can't hold a daily close in the $40s...$10 lower would be likely.
The following is certainly not the most inspiring story - Twitter Robot factory.