New Trade Buy Signal: IYR - Sep $80 Call. No other new trades. The broader market has initially shrugged off the FB debacle from after-hours yesterday, but NASDAQ is getting crushed, coming off a record close yesterday. We are keeping a close eye on this divergence and the fact that many high-flyers, such as AMZN, NFLX, GOOG, are also gapping down this morning. GDP numbers pre-open tomorrow have the potential to move the market either way. Turning point or ho-hum? Forecast 4.3% vs. Previous 2.0. Interim Alerts as needed.
