Major averages finished mixed yesterday on higher volume, closing in the middle to lower half of their trading ranges. There was a notable divergence between the small cap Russell 2000 which finished lower and the big cap NASDAQ-100 which finished higher, closing midbar. The higher volume suggests a stalling day. Breadth was also negative by a significant margin on both the NYSE and NASDAQ exchanges.
Focus List Update
NFLX, after we reported it had been trading quietly in constructive fashion, had a pocket pivot in yesterday's trade.
QTNA remains quiet near support.
YELP got support at its 20-day line which can be used at its selling guide.
Z reported earnings but closed at the low end of its trading range just above support. It's looking to gap below support at today's open so could be sold.
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