summary
Jaywiz index = .21 = more selling and futures are obvious today
vix 31.16 7 CBOE @ 1.40 indicating a possible buy
A low today is due at 11am and again at 2pm
Readings for today call for anxiety & tensions- no doubts there
Fed will probably cut rates tomorrow by .75 and has a good chance for 1.00%
Last time that happened was in 1983, I think , and the dow jumped over 600 pts in a few days.
of course this time may be different, but a short term boost to stocks will only be short term
Any more bad news after this week will NOT be able to hold the markets from major selling sessions.
Jay
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