Stocks had a nice rally from futures jumping overnight, but gave it all back at the end of the day. The Russell and Nasdaq fell over 1% while the S&P and DOW were flat. The Russell also closed below 9/1 lows, whille other majors have not. These are bad signs for bulls.
/ES vM to 1875 triggered. If doesn't hold 1875 area, vM to 1571.5 will be triggered.
/ES Long Term
/TF closed below 9/1. 1088.7 on the radar. Needs to hold that to avoid triggering vM to 849.1
Nasdaq has vM's to 4149.25 and 4027.25 triggered.
Dow has breached 9/1 lows, but is currently above it.
Nikkei testing 10ma.
The Dollar is above all ma's see if can continue. Hourly MACD positive, and Daily MCD could make bullish crossover.
Bonds
Gold ma's look positive. A close above 1169.8 will null shorter term vM's
Oil's 10ma is testing, and currently above the 50ma. Watch this closely.
XLF trying to get above its 10ma. 1 hr MACD bullish.
IBB hit vM target price of 305.55. See if can bounce from here as long as can hold excess at 304.56
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