Last week we witnessed a fairly controlled selloff.  This week, at least thus far, control has been lost and the selling is intensifying.  We only went with mentions last week because we wanted it to be clear that we couldn’t be confident in the markets due to the news overhang.  The tweets and trade issues that had us hesitant, have been the drivers of the selling we’re seeing.  We’ll cover things more in-depth soon enough in our weekly webinar but for now, bearish mention OLN has really dropped to a key level.  Last week we noted that it didn’t have much support to cushion a fall should one begin.  That’s the way it has unfolded.  The lows of today near $29.00ish put it right in our target zone and thus a roll or more should be considered here.

If we see more plummet in some bearish mentions we’ll provide updates for sure.

Meanwhile, back to working on this week’s newsletter which will be out later today.

Wayne