The FXI outperformed today up 1.5% while the Nasdaq had a case of the Monday's. Is it an aberration? That strength will be tested as it's reached price and RS resistance.
Some Chinese web stocks like VIPS, DANG and YY fell to and bounced at high reward/risk entry levels today. They'll offer hints for risk appetite in general tomorrow.
Biotech has been the star of the markets these last few days. A bounce gives us a head and shoulders topping pattern and a helluva shorting opportunity around the low 250's. If it's ever going to break down hard, this is the time due to the huge amount of damage in the individual charts.
