“Gotta Buy That Fear”

I’m buying into this puke. Based on a study I’ve run I’m guessing QQQ will test around ~91.5 and SPY to test 185 so I don’t think the low is in yet.  Statistically a swing low arrives around Thursday or Friday of this week.

Let’s dive into some charts.

Put/Call… everyone has moved to the back of the bus…that will be corrected
2014.10.14[08.06.00]_http___Chrome Legacy Window_$CPCE - SharpCharts Workbench - StockCharts.com - Google Chrome

2014.10.14[08.06.33]_http___Chrome Legacy Window_$NYMO - SharpCharts Workbench - StockCharts.com - Google Chrome

2014.10.14[08.06.43]_http___Chrome Legacy Window_$NYMO - SharpCharts Workbench - StockCharts.com - Google Chrome

2014.10.14[08.06.50]_http___Chrome Legacy Window_Fear & Greed Index - Investor Sentiment - CNNMoney - Google Chrome

2014.10.14[08.07.04]_http___Chrome Legacy Window_$SPXEW - SharpCharts Workbench - StockCharts.com - Google Chrome

2014.10.14[08.07.09]_http___Chrome Legacy Window_$SPXEW - SharpCharts Workbench - StockCharts.com - Google Chrome

Monthly chart is now broken….

2014.10.14[08.07.18]_http___Chrome Legacy Window_SPY - SharpCharts Workbench - StockCharts.com - Google Chrome

2014.10.14[08.07.40]_http___Chrome Legacy Window_QQQ - SharpCharts Workbench - StockCharts.com - Google Chrome

2014.10.14[08.07.47]_http___Chrome Legacy Window_SPY - SharpCharts Workbench - StockCharts.com - Google Chrome

VXX…  a short on rips

2014.10.14[08.07.56]_http___Chrome Legacy Window_VXX - SharpCharts Workbench - StockCharts.com - Google Chrome

Europe et al.

2014.10.14[08.08.04]_http___Chrome Legacy Window_$DAX - SharpCharts Workbench - StockCharts.com - Google Chrome

2014.10.14[08.09.49]_http___Chrome Legacy Window_EFA - SharpCharts Workbench - StockCharts.com - Google Chrome

as a side note IWM has been outperforming SPY for a couple days and I expect IWM to reverse the trend of underperforming SPY and start outperforming into the end of the year.  Good luck.