News:
The market tried to rally yesterday but ended up getting stuffed. Swinging from 2% gains in the Nasdaq to more than a 1% loss.

Peloton Interactive, Inc. (PTON), facing low demand, has shut down the production of its bikes and treadmills. Its stock fell more than 20%.
Netflix, Inc. (NFLX) is down more than 20% in after-hours trading after missing on subscriber growth and a disappointing outlook.
Bitcoin has broken down below $40,000 support, for the first time since August.
Technicals:
Bonds are rising as investors flee for safer havens.
The VIX is rising as it should in bearish markets.
Put-to-call remains neutral…
But RSI levels are very oversold right now.
At the end of a long week, markets look ready to bounce. But I don’t expect it to last.
Timing:
January options expiration date (today) has delivered gains in the last 10 of 11 years.
I believe any rally we see will get sold into. I’m not ready to start buying the dip. Right now I’m more likely to sell the rally.
Watchlist:
*IMTE has resistance at $12
*BSFC is on watch
*GMVD has support at $4.50
BPT has support at $6.50