US equities are outright ugly, with no sign of a s/t floor. WTIC has printed the $82s, as psy’ $80 looks set to be lost, with next support of 76s or so.
sp’60min
VIX’60min
Summary
Suffice to reiterate… ugly!
Yours truly can NOT be buying, whilst energy stocks are only just seeing daily momentum turn negative. Further, WTIC should lose psy’ $80 before we’ve a better chance at a s/t floor.
Today is day 7… of a possible 11/12 day crashy wave to 4000/3800.
I wait.
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notable stock: TSLA
Tesla is in trouble. If the monthly 10MA is loss – around $840, it will open a trap door to 550/500.
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notable energy: SLB
Momentum is yet to turn negative. Orange gap with 50dma… $31s looks probable. I wait!
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notable stock: NFLX
Next major support around psy’ $300. Pete Najarian was early.
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notable miner: LAC
A key target, but I can’t be buying… yet.
yours… cooking, with a new laptop to unbox 🙂