This morning we had a slight sell off which is odd these days. The morning gap down has been bought up nicely, however, and there has been some strength in names like $AMZN, $BAC, and $EK. Here’s what the stream has been talking about today:
Sentiment is starting to get more bearish on Treasuries. The Long Bond, $ZB_F has been getting killed lately.
The run in optical stocks such as $JDSU and $FNSR has been nice, both hitting new highs.
Seems like the business model for some companies these days is to sue.
While Dollar $GLD is in limbo, Euro $GLD is hitting new highs. Commodities have been strong under the lens of a strong dollar. If the Dollar weakens, they could really run.
$AMZN has been strong in a weak tape today. Possibly shaking off all the iPad fears.
$DNDN has been strong today as it approaches $40. @OptionRadar notices a “risk reversal” trade in the options market however.