well right away we have big problems
we have broken the 50 day sma, ticked a hair below an important rising support line, and the bond market is acting like the fed needs to raise twice more. The nasi has ticked down too.
So i wish I knew whether this is one last great, brief, head fake down, or a bunch of other folks are right and feb is going to suck...I still think we are ok but we look like shit technically and are at a critical moment, maybe we can turn up...if not getting less aggressive here is the way to go.
Not happy but hoping we can turn.
edit: back above support...fingers crossed....semis generally pretty good still
