THE SMASH

An ugly market to start the day as the sellers finally get their hands on equities. The SPX -15, NAZ -32 and the DJIA -130.

Strongest sectors bonds, gold, drugs and tech while gaming, homies, semis, reits and trannies lag.

NYSE- 1800 net losers.

NAZ- 1600 net losers;

NDX- 6 GREEN;

SPX- 40 GREEN;

VIX- up a whole 4% at 25.75.

TRIN- 2.00 with down volume about 8x the up.

RSI 2- SPX 30/ NDX 29 DJIA 27.

I suspect this sell off holds and next week it will continue as we begin to follow the Chinese markets on the way down- we got dragged up by them and now I suspect the reverse comes into play.