Another Scary week.... Another scare for the market looks likely this week. VIX is nearing a low and setting to spike again. VIX reaching into strong supports, including the 50 dma, therefore likely to spike again near term. I'm concerned that the scare may involve North Korea this week. Hopefully it is not too serious!!! Anyway, I'm going off the charts and cycles. Market is setting up to drop again near term.
Both GE and IBM continue to crash today from Friday. This is very negative overall for the market.
SC