- SP500 has quickly punched down to the 3rd support level shown (black lines). Japan has been the excuse it seems. More like it was severely extended to the upside and was looking for any excuse.
- Well below 50dMA and now below 90 dMA (not good). Bear markets start with a breach of the 90 BUT breaches of the 90 don't always lead to a full bear market (-20%).
- Getting oversold and would think some stabilization or bounce coming. Will be watching the bounce to see how far it can go. Trying to determine whether a correction or something more.
- One day at a time has been the only way for me since the Flash Crash. It has been a weird market.
Debunking the Cheap Renewables Myth
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It is clear our bills are going to continue to rise for the foreseeable
future as cheap gas is forced out in favour of expensive renewables.
2 hours ago
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