We had less puts purchased than yesterday leaving the Equity only put call ratio at .55 with a higher VIX. This is a huge red flag! Be careful if you are long.
There were 11 new lows and 145 new highs bringing the ratio to .07. Chevron and V, look very weak to me. Also First Solar took a huge hit. It seems as if no one is hedgeing their bets.
Good Luck
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