US equities remain very significantly lower, for what is day seven, of a possible 11/12 day crash wave. Any bounces are to be seen as such… whilst weekly/momentum is weakening.
sp’60min
VIX’60min
Summary
Anyone buying here… is arguably still overly bold, as we have ZERO sign of a definitive turn on either the daily or weekly cycle. The monthly is what spooks me… into Feb’.
–
notable stock: TWTR
The loss of the $39s offers the $25s. Wonderful justice for those silenced, not least Dr Malone, and lesser… yours truly.
–
notable energy: RIG
Orange gap… effectively hit. Momentum has only just turned negative. I wait.
—
notable steel: X
Outright horror. Capitulation.. the $12s?
—
notable miner: UEC
Its reached target red gap. However, energy stocks… still weakening, and its a signal to me to continue waiting.
Time for lunch, and to check on the cheerleaders… who might need to be put on 24/7 suicide watch observation.