Dow Industrials down -1.44% and broke below its 13-Day Moving Average. Still above its Super Trend line. Dow Transports down -3.83%.Because of the blue-chip nature of the Dow Industrials we can expect it to perform better than other more broadly based indices. S&P500 down 2.05%. Russell 2000 down 2.62%.
This is not a pretty picture.
In Europe, London down -0.3%, Germany down -0.05%, CAC down -1.15%.
In the past 24 hours, Gold in Oz Dollars rose 0.3% while Gold in U.S. Dollars fell 0.58%. The differential was caused by a big drop in the Australian Dollar, -1.56%.
It's hard to see how our market can recover today - but it may not be as bad as a lot of people expect (see London and Germany above).
Good luck
Red
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