Dow Opens Down Over 700 Points From Highs, Breaks Key Technical Support

VIX topped 15 overnight - the highest since Nov 14th - and US equity futures slipped lower into the cash open. The Dow is opening at 20,450 - down over 700 points from the record highs at the start of March - and heading for the longest losing streak since 2011.

The Dow is opening at around 20,450, down over 700 points from record highs on March 1st at 21,169...

 

This is the first break below the 50-day moving average for The Dow since September...

 

The Dow is now down 8 days in a row, a streak that was last beaten in 1978...

 

But it's not just The Dow; Trannies and Small Caps are the worst performers off the post-Trump-address-to-Congress spike to record highs...

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