Whilst the broader market was weak across the day, there was notable strength in some of the momo stocks. Facebook (FB), Netflix (NFLX), and Twitter (TWTR) settled higher by 0.9%, 1.3%, and 2.2% respectively. The strong reversal from the opening declines is arguably indicative of a key floor.
Little to add.
Suffice to say.. of all the sectors/stocks today... the momo stocks stood out at the close.
In particular, Facebook and Twitter both closed with particularly bullish candles.
*I have ZERO interset in getting involved in any of the momo stocks, but they can often be useful to keep an eye on, as an early warning of a trend change in the broader market.