Red day across the board. Not surprising given how extended some, specially tech stocks have been run up.
SPY holding the support for now but next time through, it might not. Next support 271/270 area. Watch list names, BOX,BOLD,CHRS, CGC all did well before fading today. Recent IPO names finally got beaten up but some of them are at support or will be approaching support. I will be mostly focus on those for a bounce. Keep in mind things can fade longer then anyone thinks. So if you decide play them, make sure to have a stop close by if things doesn’t work out.
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