Indexes got slammed with all of them being down around 7% at the open, then rebounding to down only 1 - 2%, but ended up closing down over 3%. The $, oil, and bonds all fell along with the stock indexes. Gold traded sideways. China closed down 8%. The Dow was down 1000 points at the open. It closed down 588 points. Probably tons of stops taken out in the market open today.
/ES went limit down 15 min before the open, then fell another 40 points to 1831, Then rallied over 100 points, but closed just below halfway of the days range. During the 'crash" this a.m. the /ES was jumping around 2 points at a time. Never seen such big moves so fast.
The Russel was down over 7%. Closed at 1100. Still has vM to 1038.1 triggered.
Nasdaq
Although it did not close below, the Dow fell below Oct '14 lows while other indexes did not. Watch for close below 15504. It did form a death cross (50ma cross below 200ma). It closed down 588 points.
The NYSE closed down 4%, nulling bullish vW. Has formed double top to 8769. Also closed below Oct '14 lows.
The Nikkei plummeted almost 10%, coming within 50 points of an vM target price of 17120. It closed down around 6%.
The $ fell along with everything else, closing down 1.79% nulling bullish vW's.
Gold traded sideways.
Oil fell over 6% and is sitting just above a gap at 36.25. If doesn't hold just below there and rally, expecting 31.58
Copper gapped down at the open. Currently has filled about half of the gap.
XLF is the worst I've seen so far. Was down an astonishing 20% this a.m. Closed down just over 4%. Today's range alone was larger than any week since inception.
XLF Weekly Chart
IBB was down over 15% in the a.m. It closed down 4.4%. Unfortunately for bulls it still has a vM to 273.47 triggered.
Walgreen's fell over 11% below its 200 and 250 ma's, closing just below its 200ma at $82.27. It took out vM target prices at 80.78, and LIS(line in the sand) 81.01. Its 10ma crossed below its 50ma.
Has formed a double bottom to 68.03
WMT fell 3.8% through vM target price 65.72. Still has vM to 60.22 triggered.
AAPL was down over 13%, but closed down only 2.5%. Has vM to 83.48 triggered. Very close to forming a death cross. It triggered a stop loss at 104.47, which unfortunately unless removed prior to open, would've triggered at $92(-18%)
DDD looked relatively strong the last several trading days. It did tumble at the open with everything else down 10% making new lows, but managed to close up .33%. Hit a stop loss at 11.47 at the open that would have triggered around $11.00(-10.8%) unless taken off before the open.
/ES went limit down 15 min before the open, then fell another 40 points to 1831, Then rallied over 100 points, but closed just below halfway of the days range. During the 'crash" this a.m. the /ES was jumping around 2 points at a time. Never seen such big moves so fast.
The Russel was down over 7%. Closed at 1100. Still has vM to 1038.1 triggered.
Nasdaq
Although it did not close below, the Dow fell below Oct '14 lows while other indexes did not. Watch for close below 15504. It did form a death cross (50ma cross below 200ma). It closed down 588 points.
The NYSE closed down 4%, nulling bullish vW. Has formed double top to 8769. Also closed below Oct '14 lows.
The Nikkei plummeted almost 10%, coming within 50 points of an vM target price of 17120. It closed down around 6%.
The $ fell along with everything else, closing down 1.79% nulling bullish vW's.
Bonds rallied overnight, but fell at the open and continued to give it all back closing down .30%.
The Euro was up over 3%. Closed up about 2%.
Gold traded sideways.
Oil fell over 6% and is sitting just above a gap at 36.25. If doesn't hold just below there and rally, expecting 31.58
Copper gapped down at the open. Currently has filled about half of the gap.
XLF is the worst I've seen so far. Was down an astonishing 20% this a.m. Closed down just over 4%. Today's range alone was larger than any week since inception.
IBB was down over 15% in the a.m. It closed down 4.4%. Unfortunately for bulls it still has a vM to 273.47 triggered.
Walgreen's fell over 11% below its 200 and 250 ma's, closing just below its 200ma at $82.27. It took out vM target prices at 80.78, and LIS(line in the sand) 81.01. Its 10ma crossed below its 50ma.
Has formed a double bottom to 68.03
WMT fell 3.8% through vM target price 65.72. Still has vM to 60.22 triggered.
AAPL was down over 13%, but closed down only 2.5%. Has vM to 83.48 triggered. Very close to forming a death cross. It triggered a stop loss at 104.47, which unfortunately unless removed prior to open, would've triggered at $92(-18%)
DDD looked relatively strong the last several trading days. It did tumble at the open with everything else down 10% making new lows, but managed to close up .33%. Hit a stop loss at 11.47 at the open that would have triggered around $11.00(-10.8%) unless taken off before the open.
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