well the selling is fast and furious here. Investors are moving their money from smallcaps to the “safe havens” aka $goog and other crap like that.
There is no way to spin the action on a technical level. Its ugly and the vol pattern spells trouble. I think the only positive thing is that dollar rising today is causing much of the selloff its not some terrible earnings report or economic news. @copperstl had pointed this out me yesterday that the dollar was shorterm bottoming and oversold, it was due for a snapback pulling the market down with it
$rut already resting on its moving avg
Tread carefully if you dip here make sure to watch the indexes for a break…..
I will be nibbling on some stocks here $yrcw in 3.5s-3.6s $tmi $eds (10s) $best low 1.5s
The key is not to go all in………….SCALE IN 1/3S OR 1/4S nibble and watchout smallcaps getting their faces blown off
