Equities Falter Bonds Up

Dow -536 points

As we wrote in our earlier AM comments the SP500 bounced was trading above the 3064 area, but we noted how crucial of a level it was. Now look at how the markets responded as it broke that very level which was also buoyed by the 50eMA:

The Dow has a very obvious 25000 marker on its head and we know both psychologically and technically the bulls need to hold the line here come the final few hours of trading today or else:

Here is a snapshot of today’s action for the markets we cover, plus Bitcoin at the top which is seemingly correlate now to the risk on/off of the equity markets. Bonds up over a full handle (32 ticks), Equities down nearly 2% across the board, (except Nasdaq, go figure), Currencies mixed, Energy down as RBOB taking the brunt of the selling and Metals up marginally:

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