US equities have seen gains fully eroded. VIX has been the leading signal, spiking above yesterday afternoon’s high. Gold printed $2005.
sp’60min
VIX’60min
Summary
Opening SPX gap fully filled, with both upside VIX gaps filled.
*yours truly is comfortably… if mildly annoyed, on the sidelines.
I’ll be less so, once I find an acceptable re-short.
I’m averse to getting involved ahead of the weekend, unless we see another dumb bounce.
… but its entirely possible we just unravel to 3900 into the close/early tomorrow.
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notable stock: TSLA
Reflective of the main market…. tired.
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notable weakness: SQ
The ‘big short’ from Hindenburg is likely going to be a downward pressure on Block, for some considerable time. Great company/service, but Hinderburg’s assertions are not to be dismissed lightly.
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notable strength: NVDA
Anyone buying into this… is wildly bold.
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notable stock: AAPL
Today’s candle is spiky from green zone.
Downside red gap appears due within a few weeks.
back at the close…