Although down overnight and into the open, the market is not incurring any Black Friday carnage. There were a lot of gap downs in individual stocks this morning, but the lows were seen at the open and prices are creeping back up. Keep an eye on VXX which gapped up 2% and above $39 at today's open. Last week's high was $40.31 and move higher would suggest something more sinister is underway. Unless there is a new trading signal (unlikely), there will be no further updates today.
