Most likely another in ednless stream of 90% days, majority have been DOWN volume days....does that sound like bull mkt action?
1088 is being called out here and there by this dude or that one as big deal....so we got that low with a BIG RED BAR.
I think themin rally trend from June is broken, as I like to use trendlines and that one was broken as drawn. SPX has given back its 200 and now challanges the 50 again.
Under we could challenge 1056 then 1040 area, IMHO if 1040 gives a heave ho.....more evidence of bear lurking.
VIX rose but doesn't shout panic. But enough buying has been put down with putrid volume to be very suspect and might not offer much support on the down low.
Of course you can parse through all the stocks and find some that fare much better than others.....but if a double dip vision seems more and more likely......who is left to buy and put a bid on?
Lowest ever recorded bid on the 2 yr note.....what a mess!
Duratek....keeping it real and not falling asleep
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