Market On Open - Tuesday 20 February

Opex In The Rearview, Let Reality Show Itself!

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Now What?

Friday saw a selloff caused by either (a) the impending Credit Event / Recession To End All Recessions / Global Thermonuclear War or (b) options expiry un/re-hedging flows. We won’t know which of these until today’s close. Definitely one of those though.

Let’s check in on our usual charts to see where the indices stand before the open.

Paying members of Inner Circle, scroll down for our long- and short-term take on the S&P500, the Nasdaq-100, the Dow Jones 30 and the Russell 2000 - including the regular ETFs, the futures, the 3x leveraged ETFs and then finishing with a take on sector ETFs in semiconductor, tech, and the Fangs.

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Note - to open full-page versions of these charts, just click on the chart headings, which are hyperlinks.