sp'60min
Summary
*I picked up two new long positions, RIG, and SDRL, will seek to hold them for at least a day or two.
Currently, LONG CHK, RIG, SDRL, STX, and SHORT, SLV (which I'm seeking to drop today, its annoying me).
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For me, the action in AAPL is probably a tell. If the giant AAPL is picking up some serious underlying upside, then the broader market should be okay...
AAPL, monthly
The low 600s look pretty easy to hit.
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11.28am.. suffice to say, it remains a bit of a mess this morning.
Momo stocks having real trouble, with AMZN leading the way lower...but...
AAPL is higher, and there are certainly some stronger sectors in the market.
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Bears just seem to lack any downside power..despite the current minor weakness.
Hourly index charts.. still offer the bears VIX 15s, with sp'1850/45...but really, that will be real difficult.
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11.40am.. RIG and SDRL, looking pretty good, and there is noticeable strength in some of the resource stocks out there.
Well, no one can complain..this ain't a dull start to the week!