More yuck!

Less is better!

Markets remain under distribution. Rallies are sold off on an intraday basis. The NDX was really weak on Monday. Breakouts have been failing like the NY Knicks basketball team. Loads of external negative news from around the globe. A crash in energy prices is now being seen as more negative than positive as many currencies around the globe are being wrecked. The Ruble will soon need the paddles.

There is not much to do right now except to manage positions and wait for the market to turn. One would think with extreme oversold conditions, a holiday rally/bounce will ensue. But so far…nothing doing.