But everything was 'awesome' yesterday? From "strong" to wrong so quickly...
Dip-buyers' strike today as fears of no moar money sparked selling in stocks and bonds...
Small Caps and Nasdaq led the losers today - but everything fell from the open...
Which destroyed all of yesterday's volumeless gains
With Small Caps and Nasdaq underperforming post-FOMC
To summarize:
- Dow <18,000 (below its 50DMA)
- S&P < 2,100 (testing 50DMA)
- Nasdaq <5,000 (below its 50DMA)
- Russell 2000 < 100DMA
- Biotechs <100DMA; and
- AAPL <50DMA
Surprise!!! Stocks caught down to credit... again
VIX was in now way ezxcited about yesterday... just like credit...
Shale stocks woke up to what Einhorn said yesterday...
Biotechs took another beating...
But energy stocks dumped even as oil spiked...
Treasuries were hammered as US opened... but the sell-off stalled as the equity weakness accelerated...
NOTE - 10Y yields tested the 200DMA and rallied back lower
The US Dollar slipped for the 7th day in the last 9...
Commodities were all higher on the day - led by Crude's exuberance - with a pre-8amET ramp once again...
Crude surged above $61 briefly before fading into the NYMEX close... (click image for massive version)
Charts: Bloomberg
Bonus Chart: Yet another collapsing China data point...















