There’s not much to say about today besides “more of the same”. We had another high(er) volume sell off complete with very negative breadth. The headline of the day is that the Dow has now gone negative for the year. (As if things just got ugly today… but who cares about the Dow???)

T2108 is now in the buy zone, under 20. It closed at 15 today. Likewise, $SPXA50R, dropped under 20 today. Bears should not get too greedy right now.

Trend Table

No changes today

Trend Nasdaq S&P 500 Russell 2000
Primary Down LA LA
Intermediate Down Down Down
Short-term Down Down Down

(+) Indicates an upward reclassification today
(-) Indicates a downward reclassification today
LA Indicates a Lateral trend