MARKET UPDATE

There are so many things happening it's ridiculous, the IWM looks like it's about to come down, the same for the R2K futures.

The Q's have a little more support intraday because of AAPL, but not beyond intraday.

The SPY/SPX/ES is also looking very bad with sharp divergences, I'd say it's coming down.

I believe the same true of the Dow and specifically transports.

Financials have one of the craziest prices moves, almost parabolic, very short squeeze looking, but I suspect it may be a function of algos and volume, I personally wouldn't close FAZ here, Financials /XLF also gave the same monthly sell signal in the SPX from last night's post.

Credit is starting to come down, the Yen looks like a shakeout, almost double bottom.

More in a minute.