11:14 ET
POTUS supposed to speak at 4:30 ET
Expected to announce that Eric Holder will be leaving
Floor chatter:
“nobody” knows what’s going on; AAPL dumped, NKE reports eps tonight RUMOR that Russia is near approving a law that would enable it to sieze foreign assets on its soil … forcing selling of equities…
(that rumor is two hours old)
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
Much appreciation and thanks to Al Dente for the constant stream of useful and actionable stats thru the day, a sharing which helps broaden the perspective. That's another six pairs of eyes there.
Some non-"defensive" ETFs which are showing some RS from the Open are JCC, DBB, USO.
Also, XHB and KRE look as if they may be putting in daily lows.
Many many sectors are still weak and near their LOD.
possible double bottom. may test range high (red line).
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UVXY approaching p-bar. Remarkably there are still 2 pts left in it. Wish I was riding it but I already dip bought and made some on it before and figured I'd have to wait longer for 31.
NYSE low tick of the day (per Schwab) over -1000! (-1001) Don't see that too often these days. A harbinger perhaps, along with recent Hindenberg divergence signal..?
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3 push down, so hopefully the rebound could test the range high with is the upper blue line.
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