FAS intraday volatility 16.55% today. FAS 8.69 -0.30 -3.36% range 16.55%. Huge volume, the second highest volume, so far, after the 2/10/2009. The high volumes came in going into close. It moved 18% going into close since 3pm.
After open, markets went into doom and gloom and just when it seems that markets are falling into deep holes, the dark cloud is pushed away, and markets bounced from the supports finishing the day moderately neutral to positive -- a sigh of relief for now.
When the dark doom cloud is going to be away and to stay away is the big question, but I see a ray of hope as markets closed above SPX 800 and Nasdaq 1500, but sadly DOW closing at 7932 refusing to show a sign of hope closing below intensely watched DOW 8000 support -- technically, DOW is a rotten child among SPX, DOW, and Nasdaq. DOW is performing worse than SPX at the moment. We have intraday ranges around 3%.
$COMPX 1541.71 11.21 0.73% 3.06%
$INDU 7932.76 -6.77 -0.09% 3.09%
$INX 835.19 1.45 0.17% 3.28%
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