No major change from Friday US play at this stage.SP 500 another...

No major change from Friday US play at this stage.

SP 500 another drop over 1% yesterday. VIX another 10% gain. Other indicators too not favourable.

Most Li stocks are on slight decline from Friday. Li macro taking control of the most of the stocks at this stage.

AZL too playing in the zone where it is for last 6 weeks, a slight weakness now, which is reflective of most Li stocks at this stage.

On the Weekly Report I had written its time for caution, but its individual risk rewards which determines whether one keeps on holding, lets go some shares or buy the dip. I am playing with caution and waiting to see the direction.

SP 500 did not have a good consolidation rising from 4000 or so mark. So many are thinking the combination is good and this is the time it may do that as well - rising Inflation numbers, middle-east situation, and consolidation due. Hasn't dropped a lot from its all time high, around 4%. So some analysts believe either we see another 1% to make it around 5 or next one is around 10%. But much depends on geo-political situation. Its volatile, but sometimes a slight change in sentiment makes punters ready for risk again.

Li indicator stock I follow, ALB, still below 128. Still in weakness zone. I hope it holds 118, otherwise there is a risk of a new 52 week low below 106 - but that may also combine with drop in general markets. So lets hope there is a change in sentiment, at least to neutral, which not only may stop the slide, but may bring some green as well. Odds not great but can happen as SP 500 had 2 consecutive days of big drops. Lets see. All the best.