I’m busy this morning reshuffling my portfolio. What you need to watch is crude, crude stocks, HYG, SRLN and also IWM — because weakness in small caps have nothing to do with China.
The opening decline is severe and often times these gaps lower lead to buying. I cannot say with any degree of certainty that this dip will be bought.
In the meantime, it’s important to note we’re at the top of a downward channel.
Observe.
5,800 is in the cross-hairs.
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Buying first set. Tvix. Tza,faz
I see melt-up. Bought TQQQ.
Energy bottom imho, wait for shut down to end and trade dispute mitigated…fireworks.
MM are firmly in charge,no loss of control like in 2008.