•A miracle is still possible, but multiple signs point to more downside
•Marking potential breakdown targets for S&P 500
•Bullish sectors: Utilities, Staples, Real Estate, Health Care ~ 25% of market
•Barely Bullish sectors: Discretionary, Technology ~ 30% of market
•Bearish sectors: Communications, Financials, Industrials, Energy, Materials ~ 45% of market
•Retail (XRT) breaks support
•Small caps (IWM/IJR) make a new low, as do Transports (IYT)
•Charts of interest: Preferred stock (PGX/PFF), India (EPI), Apple (AAPL)
•Bonds are signaling flight to safety
•Getting ready to short gold
•Natural gas continues in its volatile ways
•Oil could bounce, but the trend is down
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