Markets continued to attract money yesterday, but lower interest rates helped small caps to outperform.
Even though the S&P500 Futures display a weak TEV pattern, the NQ100 Futures still look positive.
But what really matters is that money is chasing after Treasuries, pushing rates down and hence helping lofty equities valuations.
Conclusions:
Stay long here. Below are long/short ideas. BAND, HZNP and BMRN look interesting here.