In these environments, it doesn’t take much to trigger an oversold McClellan. As you know, this is one of my preferred market indicators.
On an intraday basis, it saw -80 today. Watching to see how this closes and stalking SOHU, FFIV, WATT, and WFC. As a theme, I really like software stocks too.
CRM, VEEV, WDAY – I own all three.