as i looked over the charts after friday’s close, i was seeing some potentially ominous charts on many key stocks and sectors. i was planning to do a video update tonight (sunday) but had a little boating snafu on the way home from a beach day with the family today. as i’ve just arrived back after a nearly 4 hour delay, i might not get a chance to do the video overview that i was planning tonight. i’m just getting settled in & i’ll try to work up a few charts later or maybe do the video overview tomorrow morning. bottom line is that a lot of charts, both key stocks and indices, are quickly approaching potential do or die technical support levels, meaning that they need to bottom and reverse soon or things could get very ugly. be careful this week and fwiw, i still continue to believe the risk of a potential major sell-off (fast and hard) is very elevated right now and i just don’t think that the potential reward for buying or holding longs here (in general) is worth it.