Today's action in the internets will probably negate the trade setup in YHOO (Yahoo!). It could be an interesting stock to watch though as Yahoo Japan was off 4% and helped move the Nikkei lower. And of course their should be some posturing in the net names in front of the GOOG (Google) earnings tonight.
Hard not to see today getting good follow through on the strong opening. Should continue for weeks as we probably saw a washout yesterday.
Position in YHOO.
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