Lots of important stuff happening today - beatles, the Prince, Rangel and probably even more stuff but I am going to focus on the crushing of the equity markets.
As I type - SPX -21, DJIA -205 and the NAZ -45.
Internals as ugly as they get:
NYSE 2655 net losers;
RSI 2 levels - most major indexes @/near 2;
10 year note unchanged at 2.911%;
VIX +13% @ 22.8 and about 17% above the SMA 10;
SPX about 10 points above the SMA 50 @1165.
Gold/commodities crushed as the dollar rips higher +.9% on the DXY @79.39- the highest level since the end of September.
I bought some stuff higher and hanging on for now as I suspect a bounce coming shortly - although a close today at /near the lows would not surprise- so may add at end of day.