So far, this just looks like a breakout from a down channel, and a retest of the channel and the 5ma on average volume. I think people are overreacting way too early. All the breadth people, RSP is up over 10% this year, corrections are normal. IWM +13%. Get a grip

Told myself on Wednesday I would ignore the PA on Thursday and Friday because I expected OPEX fuckery. I expect we go up from here, with some volatile days, but up from this area is my opinion.

The Venezuela shit is about oil. They probably have WMDs

Refuse to pay for X right now, but John if you see this, I appreciate your transparency. @market_sleuth

Big shoutout to @David_Tracey & @marketmike for helping me risk manage this market. Will leave professional life out, but by proxy they’ve helped a lot of families & charities. I legally can’t give recommendations to use their stuff but a huge thank you should be clear enough.

Keep fighting the good fight @leadlagreport

Wrote my first article today, hoping to cover 1-2 sectors of the S&P in detail every week. Please let me know what you think, more to come! nitter.cf/SectorShakedown/status…

XLK Update Full breakdown outside of the channel, any follow through tomorrow and it could spell trouble. nitter.cf/SectorShakedown/status…

$XLK Rejected so far, the battle continues at the top of the channel...

XLK - Tech Closed today outside the top trend line. 5MM shares vs ave 4.3MM. Continuation of the breakout is a measured move to roughly $250 target. Failure to breakout, back to the chop. Officially on the watchlist, no position.