US equity indexes closed very significantly lower, SPX -72pts (1.6%) at 4329. Nasdaq comp’ -1.8%. Dow -1.1%. The Transports settled -0.7%. R2K -1.5%
sp’60min
Summary
closing hour action: leaning distinctly weak, breaking a new multi-week low of 4329… taking out the August low. S/t momentum settled on the low side.
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… and that concludes a Thursday. It was most definitely a day for the bears. Its difficult to call how Friday might open, but broad downside to test m/t trend – the 4250s next week, appears probable.
I hold HEAVY short overnight, and should remain so into Oct’2nd.
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notable bond yield ETF: TNX, 60min
A new multi-decade high of 4.49%.
Psy’ 5.00% appears a threat within 2-6 trading days.
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notable bond ETF: TLT
Higher yields > lower bonds.
Alarm bells <$89.00, which would offer the 2013 $80s.
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notable fin: PYPL
Mostly just lower with the main market.
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A day of sunshine and heavy showers.
14c/57f, as summer warmth has left.
Have a good evening
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more later on the VIX and Indexes by 6pm EST