Crude has made it's intentions known early this week as it's putting in a meaningful low. The first clear resistance is the falling 10 week average around ~96.50.
Celgene bounced back hard today and stalled at the falling 10D. Tomorrow's action will be interesting.
In The Big Picture the stock to bond ratio, via SPY relative to TLT, is near a major breakout. This has major portfolio construction implications. Keep an eye on it throughout the week.
ALNY has held up nicely during the mini sell-off. Other biotechs are alive and well.
IWM failed to make much headway today. It continues to under-perform the other indices. 114.75 is the pivot i'm watching. 
Freeport Mac is already trying to form an outside week after testing the 40 week moving average. Maybe miners aren't dead?
One last thought for today. Isn't this week a great example as to why we need to mentally prepare each day for all scenarios?
Trade 'em well!
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