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Big breakouts VXN fear indicator stocks sell off hard 


Date: 12/13/2010




 
Big breakouts VXN fear indicator stocks sell off hard "Quadruple Witching" Option Trading Options Expiration Commentary. Stocks with biggest dollar intraday reversals includ NFLX, CMG, ISRG, PCLN, YOKU, CME, CRM, DANG, CRM, POT, VMW, AMZN, FSLR, DECK, CLF, URTY, BIDU, WYNN, MOS, LVS, CREE, IOC, AAPL as we saw big sellers moving in going into the close. The "Dow Jones Industrial Average" Index remained strong towards the top 75% of the days trading range while we saw tech stocks and the Nasdaq lead the way lower.When these stocks fall week you need to "sell short" the high beta names as they put in their intraday tops. We discussed this morning's premarket gap and we discussed if we would consolidate the prior up moves in stocks. "Technical Analysis" on many key areas for leadership stocks have broke key levels, like Netflix NFLX which sold down below it's 20 day moving average on higher than average trading volume.