CRUSHED

Looks like the MER conference call isn't going to well as the brokers are getting crushed as I type. MER -6.75%, MS -5.3%, LEH -7% and GS -3.5%.

The brokers are causing the broader markets to nose dive as the DJIA is down 200, NAZ -77 and SPX -29. SOX index down another 5.4% after acting crummy for months and AMZN, after reporting decent earnings, crushed by 17% on guidance. All the hot tech also crushed as the only sector that is holding up is energy on the heels of lower inventory numbers.

IBD 20 stocks now with RSI (2) under 3 includes FCX ABX GOOG HPQ NVDA CELG.

Hopefully, this is the October shake out that will lead to an end of year rally so get your buy lists ready.

My starter list includes GS NVDA UA CELG WYNN LVS GRMN MA RIO POT.