Equities are selling off and pretty hard as the SPX is down 14, NAZ -36 and the DJIA -85.
Strongest sectors include nat gas, bonds, consumers, drugs and gaming while semis, metals, airlines, homies and real estate are the biggest losers.
NYSE- 1610 net losers;
NAZ- 1200 net losers;
SPX- 79 GREEN;
NDX- 7 GREEN;
Gold- down $14 at 1138 while silver is lower by 30 cents at 18.29.
Crude down 1.5 while nat gas is higher by 2% at 5.57.
TRIN- 1.8 with down volume about 8x the up.
VIX - higher by 9.5% and trading a hair under the SMA 10.
Equities finally working off the over bought levels that were attained yesterday when the VIX was more than 10% under the SMA 10 and the RSI 2 levels on the SPX was at/near 97-
So the sell off starts and I am looking to scale into some XME EWC and maybe some others- don't think today is the end so waiting for later in the week to scale into most of the trades.
Big Mark admits he took roids - not all that shocking - the big news is he said they didn't help him hit home runs- what nonsense- they only helped me with injuries - sure - that is why all these guys took these banned substances - cause they didn't think they would help