Markets are lower but off their worst levels and this fish is looking for some quick flips on the long side as we are at/near big time SPX support at the 812 level.

Market internals horrible with 2600 net losers on the NYSE/NAZ;

NDX/OEX- 30 GREEN between both;

VIX- ripping higher by about 6% at 47+;

Strongest areas- bonds, gold, biotech and gaming while banks, real estate and homies lag.

RSI (2) levels near 15 on the SPX.

Looking to buy for some quick flips and then probably will look to short any decent bounces.


Post a Comment

Subscribe to Post Comments [Atom]

<< Home