Mar. 20 at 7:15 PM
Blue Owl complex getting crushed —
$OWL down 26.39% YTD,
$BX sitting at
$113.47 with the SMA 50 at
$131.44 (-13.67% away) and SMA 200 at
$152.15. RSI 43.73, not oversold yet. BDCs
$OBDC (
$11.44) and
$OTF (
$12.65) holding better but both well below their 200-day MAs.
$OTF actually ripping +2.10% today, bouncing off SMA 50 at
$12.70 with RSI 56.85.
$OBDC hugging SMA 20 at
$11.42 — watching
$10.70 support.
Alternative asset managers under pressure. Not chasing
$BX until it reclaims
$131 area.
#BDC #AlternativeAssets #Trading