PRE MARKET

Futures down a wee bit.

Yesterday, the all-important NDX/NASDAQ held the 10 week/50 day. The Dow and S&P, which never blinked while TECH was being hit, moved higher again. We wish we could complain but can’t. But continue to stay away from the bearish areas we have been telling you about, particularly ENERGY, BIG RETAIL, AUTOS, COMMODITIES.

One area showing up on our screens now is the BIOTECHS. Look at the IBB as it may come out of a long trading range. The XBI did edge above range.