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All three major indexes were trading in the red Friday afternoon ... The S&P 500 (^GSPC) shed 0.5% while the tech-heavy Nasdaq Composite (^IXIC) lost 0.7%, reversing earlier gains.
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Below is a chart showing the trailing twelve month trading history for Alibaba Group Holding Ltd, and highlighting in green where the $135.00 strike is located relative to that history ...
The NASDAQ 100 is fairly quiet in the early hours on Thursday as we continue to see a lot of noisy behavior. And I think ultimately this is a market that is just looking for some type of momentum.