[newsletterchapter2 title=”GENERAL MARKET COMMENTS”] The BABA Reversal was a Tell as I allowed. Weakness has produced some very low daily Sentiment readings including a 1% which was noted last Friday.
There was a Bid from there but it wasn’t sustained. Could this be a “Buy the Dip?” Maybe, but that is not a cogent wager right now. Financial Culture is stymied here. The recent viral cascade is in alignment with my forecast for a potential Black Hole. It pays to wait to see how Big this is.