Stock rotation is in full swing with the Equity Indices looking overstretched.
We’ve come a long way in Equities in 9 trading days.
Sell stops are resting under Friday’s day session lows in the Indices
The Mexican peso is nearing support, so don’t sell weakness in equities.
Names in the Oil patch like OXY, have the potential to correct another couple of percent.
VIX…near 14.40 ” the 200 day mvg avg” is the area to try and match up with an early sell off in the Equity Indices.