sp'daily5
Summary
Little to add.
Market is clearly weak, and the bounces are being sold into.
The only issue now is whether the bears can break <1830 before two sig' QEs this Wed/Thuirsday. It won't be easy.
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Momo stocks are getting trashed...
NFLX, daily
more on the momos..later.
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1.45pm.. on the bounce..will consider picking up a SPY put block around 1860...at 2.30pm
The price action is pretty strongly in favour of the bears...and with the VIX only in the 15s, this looks a reasonable level.