We are getting a sharp correction today. Most of the indexes are now closing in on their intermediate trend lines. We should get a bounce soon. October can be a nasty month! I’ll have more tomorrow, but here is a look at what is happening.
The Semiconductor index is really getting killed, it has broken an uptrend that has been in place for 18 months!
The TVIX Velocity shares are up over 50% in just the last week. If you’re looking for a bounce you should probably sell and take profits.