New Losers

Three of the largest (by market capitaliztion) losers on high volume on Friday. I have puts on MSCI. No positions on the other three. WSM is a bonus, chart looks good for bears.

What's Up With Exchanges?

Nasdaq in a bear market, but the stock is only 5 percent off the all-time high. Commodities are doing well and derivatives trading going wild, but CBOE and CME both weak. CME is potentially on the cusp of a major collapse.

ICE is a counterpoint:

Moody's and MSCI are getting into the overbought zone.

Screen Part Six

Still going strong with setups...

Most Targets Broke Down

Still waiting on XLY, but ALGN, CTAS, MPWR, INTU, RH, MSCI, POOL, IDXX all broke down. Usually this is when the football gets pulled away. I added CMG and ISRG on possible breakdowns. NFLX also broke down. Aside from these, I see a lot of bearish setups. Mainly wading through them looking for the best setups. There are so many in the tech sector alone that no doubt many are out there.

The two next shoes might be SMH and BTC Bitcoin.

UUP tagged its 50-day MA today. I don't think the dollar matters much for the stock market right now, but down would be better for inflation trades and tech weakness, and up better for more general bearishness.

I'm going into Monday with guns blazing, but I'm here for the day the market doesn't bounce. There is growing bearish sentiment, but a lot of its is cautious from my reading. Looking for a 10 percent pullback tops. Fearful of the Federal Reserve, jawbone or policy shift. I don't sense much confidence or risk taking on the bearish side. History and support levels say maybe this dip was it. There's a case for a bounce and there have been face-ripper run ups from the support area the Nasdaq bulls defended today. But...if that support doesn't hold...there is nothing but air below. The risk-reward is heavily skewed in favor of bears thanks to VIX remaining suppressed. the 10-year yield held its breakout too. If the Fed opts for dovishness, they will probably ignite crude oil and the 10-year yields, and then the Nasdaq and all the ARKK trash will walk into an empty elevator shaft.

Support Lies at the Bottom of the Abyss

Amazing charts. I have had, have, and/or will have again, puts on all of these. These is by no means an exhaustive list of all the potential targets out there.

Another Winner

My money is where my mouth is, I think bulls would have a longer life expectancy wearing a t-shirt and jeans while working inside a uranium mine.

Price is Too High

Out of ROKU puts expiring this week, into MSCI and IDXX for January.

MSCI