News:
A Russian invasion into Ukraine could come “any day now.“
This announcement dragged the markets down on Friday and sent futures down again this morning.
Oil is continuing upward with $100 per barrel well within reach.
Bitcoin is holding steady after the “crypto bowl” failed to produce and bump in price.
Technicals:
Bonds moved up on Friday, the VIX spiked, but the put-to-call ratio is oversold.
These are mixed signals so no clear signs of continuation or reversal as of right now.
Timing:
It’s Valentine’s day! And markets are already in the red.
Historically on Valentine’s Day, the Nasdaq closes green 81% of the time, but the Dow only 52%.
I’m risk off today. I see no reason to get involved right now.
Watchlist:
*SLGY has support at $6
SBEV has support at $5
NRGV is on watch
LXU has support at $12
APTS is on watch
KPTI has resistance at $10.25
COOP has support at $45
NEX is on watch
PTEN is on watch
GTE has support at $1.15