NQ futures were halted 3 times via LIMIT DOWN rules of 5% or more before the mkts opened. Ultimately opened at 3930 before trading lower to 3908. This is a 13% drop in the last 4 trading sessions.
Something continues to be seriously wrong with the mkts where some DOW components such as GE traded -20% prior to the opening bell.
VX futures traded as high as 27, when the current month VX future was only 15 after becoming the active contract.
VIX, the volatility index traded as high as 53, where it was averaging between 11-14 last week.
ES – 100
NQ – 200
TF – 55 (as low as -80)
YM – 700 (as low as -1000)
ZB continue to look above 161 – 161’15 and fail. The trade of the day was SHORT ZB every time above 160.
6E Euros trended higher as US dollars traded lower.
6J Yen trended higher as US dollars trader lower.
6A Aussie dollar lower bc it is a proxy to the Chinese RMB.
CL continues its downtrend as 38.06 as OPEC has not taken any action to slow down flooding the mkts with increased supply of crude oil. Go long only when uptrend is confirmed with 1) improvement of world economy, 2) OPEC decrease supply, 3) API + EIA reports on increase usage.
GC, SI gold and silver not a safety vehicle when mkts make extreme moves.
HG opened low at 2.20 worries of China’s decrease demand for copper.
NG, RB lows as the season rolls to more temperate Fall months.
KC coffee crushed to 120 level.
DX dovish FMOC meeting minutes last week started the selling off of the US dollar. Without higher rates, it becomes less desirable to hold US dollars as IOUs.
EDZ emerging markets very bearish.
FXI, ASHR – China ETFs continues to trade lower.