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IWO Into the Close, 3-22

Never Short a Boring Market?

In this round of IWO Into the Close, the market's a bit of a snoozer as we stay in a very tight, 2 day range. The fact that we aren't really rolling over here indicates that the bulls are coming back into control, barring any other liquidation. Essentially, give it enough time without a breakdown, and the bears will grow impatient and cover.

We also discuss the bloodletting going on in the cloudspace as well as potential opportunities in FFIV. The correlation in the dollar comes into question, and we go through many user requests, including OPEN, CRM, PANL, MCP (what a move!), CAT, EXEL, and HLX.

by Steven Place

Steven Place is the founder and head trader at