Submitted by Mark Hanna
Courtesy of MarketMontage. View original post here.
On the back of “you know who” stock, the NASDAQ has reversed sharply this afternoon and sits almost at unchanged. While the Russell 2000 is lagging it is well off the lows of the days. “You know who” is at 52 week highs and I guess here we go to tack on the next $100; it did the last $100 in the relative snap of a finger.
Again, until “you know who” stock weakens, this market will have a difficult time sustaining any move down.
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