Good morning, beloved Slopers. It’s going to be an odd day for me, because I’m going to be immersed in competition, but I’ll have laptop in hand and probably will be able to simulate a full work day (thus, as always, I’m confessing to something you would have never realized in the first place). In any case, people get used to my rat-a-tat delivery of content, so I always feel compelled to preface a semi-apology.
I’m getting ready, at this very dark pre-dawn hour, to hit the road, but I’m delighted at the red I see on the screen, in sharp contrast to the grotesque green hues which bid me good-night on Sunday. Here we have the ES:
The NQ, which as of this moment is down over 1%:
A longer-term view of the /RTY, which needs to take out 2100 ultimately in order to product the bear-fest that I so richly deserve:
As for crude oil, it’s down as well, although in recent days it did violate its pattern, so it isn’t very clean.
Of course, the market in a free fall continues to be bonds, since the rest of the world doesn’t want to throw any more money in exchange for debt for a country already $30 trillion debt and slated for disaster. Added to which, of course, interest rates are going to be rising for years, so people are getting the hell out.
Do me a favor and keep this red on the screen. I’ll be in touch later this morning.
