Daily Note

Sharp Objects

Sep 20, 2021

Thomas Thornton

  • Today's action is getting scary for some people
  • It's being blamed on Evergrande however this is a catalyst rich environment 
  • When markets decline hard like this it could trigger some other negative catalysts
  • Sharp objects won't take much to prick bubbles
  • Internals today are terrible and even if there is a bounce in the next few days the damage is severe
  • The Factor Monitor and PPO monitor are important to check out today
  • FXI and Hang Seng have new DeMark buy Countdown 13's however wait for price flips and stability
  • Update on the SPY and QQQ put spreads I recommended on August 27th 
  • Stay defensive 
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