2/14/22 Valentine’s Day on the Brink

News:

A Russian invasion into Ukraine could come “any day now.

Photo by Skitterphoto from Pexels

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.

Photo by Daria Shevtsova from Pexels

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:

*Low Float

*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

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