As Nasdaq and “growthy” IBD leader plays continue to break down, there are other, new leaders emerging.
$AET $GRA $MYL $WYNN (and it should be no surprise, the Hang Seng Index)
A sell breakout, that is more like a BREAKDOWN, joining a growing list of major market clearing FAILS. (Random thought: there’s bound to be a disaster again when you combine reawakened dark animal spirits of fear with HFT algo price quote machine gunning silliness). The list of “fails” is growing, and the timing couldn’t be worse, given the tax break expiration and year end book cleaning. Ah well, clear things up and start fresh in 2013. 🙂