Market

[Pascal]

Selling continues today.

We would need to at least see the CTick move above the IWM trend in order to believe in a possible reversal.

Also, the EV pattern both for oil and for SCO do not look like a bounce might be coming.

I am staying with the short positions for now.


Pascal

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[gapcap1]

think we have put in the bottom...
utilities are lower on the day, and
bonds should have made new highs considering the trouncing equities took

[Pascal]

I agree that XLU is weak and so is gold.

Market preparing for a slightly bearish stance of the Fed.

20DMF stll looks weak, oil is nowhere ready to bounce (equities negative) and I have a question amrk regarding the 10Y, whihc do not attract much selling.

Anyway, I shorted Treasuries as it was my plan.


Pascal



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