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[qqqqtrdr]

From $VXN point of view it looks like we have the high vix we need to consider a bottom here....

http://stockcharts.com/h-sc/ui?s=$VXN...id=p51744735638


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Treasury keeps climbing higher and are above the RSI(14) 70....

http://stockcharts.com/h-sc/ui?s=TLT

I do not expect treasuries to rally in the US... I think this latest run will pop... Notice the shadows on the candlesticks.. Condusive of exhaustion pop...

Copper falls as demands for industrial metals temporary plummet along with oil...

Remember the correlation between SPY ~= $COPPER/TLT

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Today $CBOE Put/Call is over 1.30... If this continues into close it has a high probablility of a short term bottom....

Company revenues are on par and earnings of S&P companies continue to improve....

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