Markets opened within one half of a percent of the Thursday close. Stocks then ran higher for half an hour and down for an hour. The rest of the day has been spent waffling back and forth between those extremes.
As we head into the long weekend, this has left us with indecisive, Spinning Top candles in all 3 major indices as we head into the last half hour of the day. QQQ had the biggest move on the day with the Energy sector far and away the weakest sector with Technology and Consumer Cyclicals leading the gains.
The VXX fell a couple percent and T2122 climbed, but markets remain deeply oversold. As the Energy sector comment might hint, Oil (WTI) got crushed Friday as it is down more than 7% on the day with 30 minutes left.
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