2pm update - momo stocks remain especially weak

Whilst the main market is largely just churning sideways into the weekend, the momo stocks remain weak. FB -1.4%, NFLX -2.9%, whilst the hysteria that is TWTR, -8.0%. VIX is +1.5%, but such a minor gain is to be dismissed as just the usual noise.


TWTR, daily

sp'60min

Summary

Certainly, the momentum is slipping in the hysteria/momo stocks, although with such a strong broad market, further highs look likely..even in TWTR.
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It would seem the mainstream consensus for the broader market is what I was originally looking for...

...a short term peak in mid January, somewhere in the sp'1875/1900 zone. From there, risk of a 75/100pt drop..but that will barely get us into the upper 1700s again.