My indicator was down today, but not broken. One sector is in critical danger.
The financial sector made a new O today, indicating an increasingly volatile and bearish environment.
Risk appetite has yet to return as treasuries still outperform junk.
Banks look ready to fall again. Tomorrow will be crazy, and though we may see a rally, I think the market is ready to roll over. Hopefully gold will pullback, but if the dollar can’t find support by Thursday, I’ll be rolling into shiny yellow bricks and yen.